Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives $108.86 Consensus Price Target from Brokerages

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $108.86.

Several research analysts recently issued reports on KRUS shares. Craig Hallum raised their target price on Kura Sushi USA from $90.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Benchmark boosted their price objective on Kura Sushi USA from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Roth Mkm upped their price target on Kura Sushi USA from $87.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Barclays upped their price target on Kura Sushi USA from $82.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Friday, April 5th. Finally, William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a report on Friday, April 5th.

Insider Buying and Selling at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $109.97, for a total transaction of $549,850.00. Following the sale, the director now owns 1,313 shares in the company, valued at $144,390.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Kura Sushi USA

Several large investors have recently modified their holdings of the business. Red Door Wealth Management LLC purchased a new position in shares of Kura Sushi USA during the first quarter valued at approximately $237,000. Rheos Capital Works Inc. purchased a new position in Kura Sushi USA in the 1st quarter worth approximately $10,940,000. Vanguard Group Inc. raised its holdings in Kura Sushi USA by 5.2% in the 4th quarter. Vanguard Group Inc. now owns 321,373 shares of the company’s stock worth $24,424,000 after acquiring an additional 16,006 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Kura Sushi USA by 29.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 12,478 shares of the company’s stock worth $948,000 after acquiring an additional 2,821 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new stake in Kura Sushi USA in the 4th quarter worth approximately $232,000. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Stock Down 0.2 %

NASDAQ KRUS opened at $110.00 on Monday. Kura Sushi USA has a twelve month low of $51.02 and a twelve month high of $122.81. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 785.77 and a beta of 1.98. The business’s fifty day moving average is $104.17 and its 200 day moving average is $83.57.

About Kura Sushi USA