Verition Fund Management LLC Purchases 46,549 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Verition Fund Management LLC raised its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 914.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,641 shares of the company’s stock after acquiring an additional 46,549 shares during the period. Verition Fund Management LLC owned approximately 0.46% of Kura Sushi USA worth $4,160,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Comerica Bank lifted its stake in shares of 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 buying an additional 99 shares during the period. Quest Partners LLC lifted its stake in shares of Kura Sushi USA by 237.9% in the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after buying an additional 471 shares during the period. Versor Investments LP bought a new stake in shares of Kura Sushi USA in the second quarter valued at about $233,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Kura Sushi USA by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,278 shares of the company’s stock valued at $378,000 after buying an additional 232 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Kura Sushi USA in the second quarter valued at about $412,000. 65.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KRUS has been the subject of several research reports. Barclays increased their target price 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. Craig Hallum increased their target price on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Piper Sandler raised their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Northcoast Research began coverage on Kura Sushi USA in a research note on Tuesday, September 10th. They issued a “buy” rating and a $79.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kura Sushi USA currently has an average rating of “Moderate Buy” and an average price target of $84.88.

Kura Sushi USA Trading Down 1.6 %

Shares of Kura Sushi USA stock opened at $102.34 on Wednesday. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -131.20 and a beta of 1.80. The firm’s 50-day moving average price is $91.73 and its two-hundred day moving average price is $78.65. Kura Sushi USA, Inc. has a 1-year low of $48.66 and a 1-year high of $122.81.

Kura Sushi USA Company Profile