Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives $84.88 Average PT from Brokerages

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $84.88.

A number of research analysts have issued reports on KRUS shares. Northcoast Research initiated coverage on shares of Kura Sushi USA in a research note on Tuesday, September 10th. They set a “buy” rating and a $79.00 price target on the stock. Piper Sandler boosted their price target on Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Barclays raised their price objective on Kura Sushi USA from $70.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Finally, Craig Hallum upped their target price on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

Kura Sushi USA Stock Up 0.3 %

KRUS opened at $105.70 on Tuesday. The firm’s 50-day moving average price is $90.50 and its 200-day moving average price is $79.17. The company has a market cap of $1.26 billion, a P/E ratio of -135.51 and a beta of 1.86. Kura Sushi USA has a 52-week low of $48.66 and a 52-week high of $122.81.

Hedge Funds Weigh In On Kura Sushi USA

Several large investors have recently made changes to their positions in the company. Comerica Bank grew its position in Kura Sushi USA by 58.6% during the first quarter. Comerica Bank now owns 268 shares of the company’s stock valued at $31,000 after buying an additional 99 shares during the period. Quest Partners LLC boosted its holdings in Kura Sushi USA by 237.9% in the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after buying an additional 471 shares during the last quarter. Versor Investments LP purchased a new stake in Kura Sushi USA during the 2nd quarter worth approximately $233,000. Janus Henderson Group PLC acquired a new position in shares of Kura Sushi USA during the third quarter valued at approximately $237,000. Finally, Moody National Bank Trust Division purchased a new position in shares of Kura Sushi USA in the second quarter valued at approximately $365,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile