Piper Sandler Initiates Coverage on Kura Sushi USA (NASDAQ:KRUS)

Piper Sandler started coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a research report report published on Wednesday, Marketbeat.com reports. The brokerage issued a neutral rating and a $114.00 price target on the stock.

KRUS has been the topic of a number of other reports. Citigroup upped their price target on Kura Sushi USA from $122.00 to $124.00 and gave the stock a neutral rating in a research note on Friday, April 5th. Barclays increased their target price 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. William Blair reissued an outperform rating on shares of Kura Sushi USA in a research report on Friday, April 5th. Lake Street Capital lifted their price objective on shares of Kura Sushi USA from $70.00 to $93.00 and gave the company a hold rating in a report on Friday, April 5th. Finally, Benchmark raised their price target on shares of Kura Sushi USA from $90.00 to $105.00 and gave the company a buy rating in a research report on Friday, January 12th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kura Sushi USA currently has an average rating of Moderate Buy and a consensus price target of $109.50.

Kura Sushi USA Stock Performance

Shares of KRUS stock opened at $113.96 on Wednesday. The firm has a market cap of $1.28 billion, a P/E ratio of 814.06 and a beta of 1.98. The firm’s 50 day moving average price is $105.18 and its 200-day moving average price is $85.55. Kura Sushi USA has a one year low of $51.02 and a one year high of $122.81.

Insider Transactions at Kura Sushi USA

In other 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 of the company’s stock, valued at approximately $144,390.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Stephens Inc. AR raised its stake in Kura Sushi USA by 12.9% during the 4th quarter. Stephens Inc. AR now owns 913,529 shares of the company’s stock worth $69,428,000 after acquiring an additional 104,063 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Kura Sushi USA by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 305,367 shares of the company’s stock valued at $20,191,000 after purchasing an additional 2,731 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in shares of Kura Sushi USA by 14.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 209,692 shares of the company’s stock valued at $13,865,000 after purchasing an additional 25,985 shares during the period. Ophir Asset Management Pty Ltd acquired a new stake in shares of Kura Sushi USA in the 4th quarter valued at about $13,356,000. Finally, Wasatch Advisors LP grew its stake in Kura Sushi USA by 25.1% during the 4th quarter. Wasatch Advisors LP now owns 112,911 shares of the company’s stock worth $8,581,000 after buying an additional 22,621 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

About Kura Sushi USA