Kura Sushi USA (NASDAQ:KRUS) Shares Up 4.4% – Here’s Why

Kura Sushi USA, Inc. (NASDAQ:KRUS)’s stock price was up 4.4% during trading on Tuesday . The company traded as high as $103.42 and last traded at $102.92. Approximately 53,137 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 157,363 shares. The stock had previously closed at $98.56.

Analysts Set New Price Targets

Several research firms have recently issued reports on KRUS. Lake Street Capital lowered their price objective on Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, July 10th. Roth Mkm reaffirmed a “buy” rating and issued a $70.00 price target (down from $90.00) on shares of Kura Sushi USA in a report on Wednesday, July 10th. Citigroup cut their price objective on shares of Kura Sushi USA from $79.00 to $68.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Benchmark restated a “buy” rating and set a $90.00 price objective on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Finally, Northcoast Research started coverage on shares of Kura Sushi USA in a research report on Tuesday, September 10th. They issued a “buy” rating and a $79.00 target price on the stock. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Kura Sushi USA has an average rating of “Moderate Buy” and a consensus target price of $73.63.

Kura Sushi USA Stock Up 4.8 %

The stock has a market capitalization of $1.16 billion, a PE ratio of -1,485.71 and a beta of 1.89. The firm’s fifty day moving average is $77.63 and its 200-day moving average is $80.70.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Roubaix Capital LLC grew its position in Kura Sushi USA by 104.8% during the third quarter. Roubaix Capital LLC now owns 56,979 shares of the company’s stock worth $4,590,000 after buying an additional 29,158 shares during the period. Rheos Capital Works Inc. boosted its stake in shares of Kura Sushi USA by 6.3% during the 3rd quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company’s stock worth $16,434,000 after acquiring an additional 12,000 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Kura Sushi USA in the 2nd quarter worth approximately $521,000. Renaissance Technologies LLC purchased a new position in Kura Sushi USA in the 2nd quarter valued at approximately $1,155,000. Finally, Dimensional Fund Advisors LP raised its holdings in Kura Sushi USA by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company’s stock worth $11,602,000 after purchasing an additional 8,146 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA