Kura Sushi USA, Inc. (NASDAQ:KRUS) Short Interest Update

Kura Sushi USA, Inc. (NASDAQ:KRUS) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 1,370,000 shares, a drop of 6.8% from the October 31st total of 1,470,000 shares. Based on an average trading volume of 163,200 shares, the days-to-cover ratio is presently 8.4 days. Currently, 20.8% of the company’s shares are sold short.

Kura Sushi USA Stock Performance

Shares of KRUS stock opened at $104.00 on Tuesday. The company’s fifty day moving average price is $90.96 and its 200-day moving average price is $78.79. Kura Sushi USA has a 12 month low of $48.66 and a 12 month high of $122.81.

Institutional Investors Weigh In On Kura Sushi USA

Several hedge funds have recently bought and sold shares of the business. Comerica Bank boosted its position in shares of Kura Sushi USA by 58.6% in the 1st quarter. Comerica Bank now owns 268 shares of the company’s stock worth $31,000 after purchasing an additional 99 shares in the last quarter. Quest Partners LLC boosted its holdings in Kura Sushi USA by 237.9% in the third 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. Janus Henderson Group PLC purchased a new stake in shares of Kura Sushi USA in the third quarter worth $237,000. Virtu Financial LLC purchased a new stake in shares of Kura Sushi USA in the first quarter worth $370,000. Finally, Price T Rowe Associates Inc. MD increased its holdings 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 valued at $378,000 after acquiring an additional 232 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Piper Sandler upped their price objective on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Craig Hallum lifted 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. Northcoast Research began coverage on Kura Sushi USA in a report on Tuesday, September 10th. They set a “buy” rating and a $79.00 target price for the company. Finally, Barclays lifted 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 report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kura Sushi USA currently has an average rating of “Moderate Buy” and a consensus price target of $84.88.

Kura Sushi USA Company Profile