Kura Sushi USA (NASDAQ:KRUS) Shares Down 4.4% – What’s Next?

Kura Sushi USA, Inc. (NASDAQ:KRUS) traded down 4.4% during trading on Monday . The company traded as low as $89.00 and last traded at $89.46. 11,021 shares were traded during trading, a decline of 93% from the average session volume of 158,693 shares. The stock had previously closed at $93.62.

Analyst Upgrades and Downgrades

KRUS has been the subject of several research analyst reports. Barclays boosted their price objective on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Craig Hallum upped their price target on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. 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 report on Thursday, November 7th. Finally, Northcoast Research began coverage on shares of Kura Sushi USA in a research note on Tuesday, September 10th. They issued a “buy” rating and a $79.00 target price for the company. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $84.88.

Kura Sushi USA Trading Down 5.7 %

The stock’s 50 day moving average price is $96.50 and its 200 day moving average price is $78.90. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of -113.18 and a beta of 1.80.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KRUS. Quest Partners LLC boosted its holdings in shares of Kura Sushi USA by 237.9% in the 3rd 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 last quarter. Versor Investments LP bought a new stake in Kura Sushi USA during the second quarter worth $233,000. Janus Henderson Group PLC bought a new stake in Kura Sushi USA during the third quarter worth $237,000. Jennison Associates LLC lifted its stake in Kura Sushi USA by 32.2% in the third quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock valued at $427,000 after acquiring an additional 1,292 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of Kura Sushi USA by 4.5% in the 2nd quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock valued at $516,000 after acquiring an additional 350 shares during the period. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Company Profile