Kura Sushi USA (NASDAQ:KRUS) Shares Up 5.3% – Still a Buy?

Kura Sushi USA, Inc. (NASDAQ:KRUS) shares shot up 5.3% on Friday . The company traded as high as $100.66 and last traded at $100.63. Approximately 14,147 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 162,956 shares. The stock had previously closed at $95.54.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KRUS. Northcoast Research initiated coverage on Kura Sushi USA in a research note on Tuesday, September 10th. They set a “buy” rating and a $79.00 price objective on the stock. Piper Sandler raised their price objective on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Barclays increased their price target on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Finally, Craig Hallum increased their price objective on Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $84.88.

Kura Sushi USA Stock Up 7.9 %

The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -129.01 and a beta of 1.86. The business’s fifty day moving average is $88.05 and its two-hundred day moving average is $79.23.

Institutional Trading of Kura Sushi USA

A number of large investors have recently modified their holdings of KRUS. Comerica Bank boosted its holdings in Kura Sushi USA by 58.6% in the first quarter. Comerica Bank now owns 268 shares of the company’s stock valued at $31,000 after purchasing an additional 99 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Kura Sushi USA by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,278 shares of the company’s stock worth $378,000 after buying an additional 232 shares during the period. Rhumbline Advisers raised its holdings in Kura Sushi USA by 4.5% in the second quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock valued at $516,000 after acquiring an additional 350 shares in the last quarter. Quest Partners LLC grew its holdings in Kura Sushi USA by 237.9% during the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after acquiring an additional 471 shares in the last quarter. Finally, State Street Corp increased its position in shares of Kura Sushi USA by 0.8% in the 3rd quarter. State Street Corp now owns 128,068 shares of the company’s stock valued at $10,317,000 after purchasing an additional 1,016 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile