Verition Fund Management LLC grew its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 914.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,641 shares of the company's stock after buying an additional 46,549 shares during the quarter. Verition Fund Management LLC owned 0.46% of Kura Sushi USA worth $4,160,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC raised its stake in shares of Kura Sushi USA by 45.7% during the third quarter. FMR LLC now owns 1,246,359 shares of the company's stock valued at $100,407,000 after acquiring an additional 390,688 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in Kura Sushi USA during the 3rd quarter worth $2,609,000. Roubaix Capital LLC lifted its holdings in shares of Kura Sushi USA by 104.8% in the 3rd quarter. Roubaix Capital LLC now owns 56,979 shares of the company's stock worth $4,590,000 after buying an additional 29,158 shares during the period. Renaissance Technologies LLC bought a new position in shares of Kura Sushi USA during the 2nd quarter worth $1,155,000. Finally, Kings Path Partners LLC purchased a new position in shares of Kura Sushi USA during the second quarter valued at $761,000. Hedge funds and other institutional investors own 65.49% of the company's stock.
Wall Street Analyst Weigh In
KRUS has been the subject of several recent research reports. Craig Hallum upped their price objective on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Barclays upped their price target on shares of Kura Sushi USA from $70.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Friday, November 8th. Piper Sandler boosted their price objective on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Finally, Northcoast Research initiated coverage on Kura Sushi USA in a research report on Tuesday, September 10th. They set a "buy" rating and a $79.00 target price on the stock. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Kura Sushi USA presently has a consensus rating of "Moderate Buy" and an average target price of $84.88.
View Our Latest Stock Report on Kura Sushi USA
Kura Sushi USA Price Performance
NASDAQ KRUS traded up $1.34 during trading on Wednesday, hitting $103.68. The company's stock had a trading volume of 92,981 shares, compared to its average volume of 161,846. Kura Sushi USA, Inc. has a fifty-two week low of $48.66 and a fifty-two week high of $122.81. The company has a market cap of $1.24 billion, a PE ratio of -131.20 and a beta of 1.80. The business's 50 day simple moving average is $91.73 and its 200-day simple moving average is $78.65.
About Kura Sushi USA
(
Free Report)
Featured Articles
Before you consider Kura Sushi USA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kura Sushi USA wasn't on the list.
While Kura Sushi USA currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
