Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Kura Sushi USA, Inc. (NASDAQ:KRUS) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $72.38.

A number of equities research analysts recently commented on the stock. Benchmark reissued a “buy” rating and set a $90.00 target price on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Roth Mkm reissued a “buy” rating and set a $70.00 target price (down previously from $90.00) on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Barclays decreased their target price on shares of Kura Sushi USA from $65.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Piper Sandler decreased their target price on shares of Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Finally, Northcoast Research assumed coverage on shares of Kura Sushi USA in a research report on Tuesday, September 10th. They set a “buy” rating and a $79.00 target price for the company.

Kura Sushi USA Stock Performance

Shares of KRUS opened at $81.67 on Thursday. The company has a 50 day moving average price of $61.14 and a 200-day moving average price of $84.92. Kura Sushi USA has a fifty-two week low of $48.66 and a fifty-two week high of $122.81. The stock has a market capitalization of $917.24 million, a PE ratio of -1,166.71 and a beta of 1.87.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Comerica Bank increased its stake in Kura Sushi USA by 58.6% during the 1st quarter. Comerica Bank now owns 268 shares of the company’s stock valued at $31,000 after purchasing an additional 99 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Kura Sushi USA in the first quarter worth $46,000. Quest Partners LLC acquired a new stake in shares of Kura Sushi USA in the fourth quarter worth $36,000. RiverPark Advisors LLC increased its stake in shares of Kura Sushi USA by 293.5% in the first quarter. RiverPark Advisors LLC now owns 1,452 shares of the company’s stock worth $167,000 after acquiring an additional 1,083 shares during the period. Finally, Red Door Wealth Management LLC acquired a new stake in shares of Kura Sushi USA in the first quarter worth $237,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Company Profile