Kura Sushi USA, Inc. (NASDAQ:KRUS – Get Rating) shares were up 7.8% during trading on Friday . The company traded as high as $57.34 and last traded at $57.34. Approximately 3,695 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 292,367 shares. The stock had previously closed at $53.20.
Analysts Set New Price Targets
A number of analysts recently commented on KRUS shares. Stephens restated an “overweight” rating and issued a $85.00 price objective on shares of Kura Sushi USA in a research report on Friday, January 13th. TheStreet cut Kura Sushi USA from a “c” rating to a “d+” rating in a report on Wednesday, November 23rd. BMO Capital Markets lowered their target price on Kura Sushi USA from $70.00 to $53.00 and set a “market perform” rating for the company in a report on Friday, January 6th. Finally, Craig Hallum decreased their price objective on Kura Sushi USA to $82.00 in a report on Wednesday, November 16th.
Kura Sushi USA Price Performance
The stock has a market capitalization of $560.00 million, a price-to-earnings ratio of -357.44 and a beta of 1.89. The company’s 50-day simple moving average is $57.76 and its 200-day simple moving average is $69.79.
Hedge Funds Weigh In On Kura Sushi USA
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KRUS. Amalgamated Bank acquired a new position in Kura Sushi USA in the 1st quarter valued at $36,000. Nisa Investment Advisors LLC acquired a new position in shares of Kura Sushi USA during the 2nd quarter worth $37,000. Tower Research Capital LLC TRC raised its holdings in shares of Kura Sushi USA by 521.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,013 shares of the company’s stock worth $75,000 after buying an additional 850 shares in the last quarter. UBS Group AG raised its holdings in shares of Kura Sushi USA by 2,040.6% during the 3rd quarter. UBS Group AG now owns 1,477 shares of the company’s stock worth $109,000 after buying an additional 1,408 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of Kura Sushi USA by 55.7% during the 1st quarter. MetLife Investment Management LLC now owns 2,310 shares of the company’s stock worth $127,000 after buying an additional 826 shares in the last quarter. 49.16% of the stock is owned by institutional investors and hedge funds.
Kura Sushi USA Company Profile
Kura Sushi USA, Inc engages in the operation of technology-enabled Japanese restaurant concept. It offers a distinctive dining experience by serving authentic Japanese cuisine through an engaging revolving sushi service model. The company was founded by Hajime Uba in 2008 and is headquartered in Irvine, CA.
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