Short Interest in Kura Sushi USA, Inc. (NASDAQ:KRUS) Expands By 10.7%

Kura Sushi USA, Inc. (NASDAQ:KRUS) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 1,450,000 shares, a growth of 10.7% from the March 15th total of 1,310,000 shares. Based on an average daily trading volume, of 124,100 shares, the short-interest ratio is presently 11.7 days. Currently, 24.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several research analysts have issued reports on KRUS shares. Lake Street Capital increased their price target on Kura Sushi USA from $70.00 to $93.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Craig Hallum increased their target price on Kura Sushi USA from $90.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Roth Mkm boosted their price target on shares of Kura Sushi USA from $87.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Barclays lifted their price objective on shares of Kura Sushi USA from $82.00 to $95.00 and gave the company an “equal weight” rating in a report on Friday, April 5th. Finally, William Blair restated an “outperform” rating on shares of Kura Sushi USA in a report on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $108.86.

Institutional Investors Weigh In On Kura Sushi USA

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in shares of Kura Sushi USA by 53.9% during the 1st quarter. Bank of New York Mellon Corp now owns 18,041 shares of the company’s stock worth $995,000 after buying an additional 6,321 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Kura Sushi USA by 55.7% during the first quarter. MetLife Investment Management LLC now owns 2,310 shares of the company’s stock worth $127,000 after acquiring an additional 826 shares during the period. Rhumbline Advisers purchased a new position in Kura Sushi USA in the first quarter worth $221,000. BlackRock Inc. grew its stake in Kura Sushi USA by 6.7% in the 1st quarter. BlackRock Inc. now owns 247,111 shares of the company’s stock valued at $13,629,000 after purchasing an additional 15,517 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Kura Sushi USA by 292.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 20,992 shares of the company’s stock valued at $1,158,000 after purchasing an additional 15,649 shares during the period. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Price Performance

Shares of KRUS stock opened at $110.66 on Monday. The firm has a 50-day moving average of $103.43 and a 200-day moving average of $82.77. Kura Sushi USA has a one year low of $51.02 and a one year high of $122.81. The company has a market cap of $1.24 billion, a P/E ratio of 790.49 and a beta of 1.98.

About Kura Sushi USA