Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $84.88.

Several analysts have recently commented on KRUS shares. Barclays increased their target price on Kura Sushi USA from $70.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Piper Sandler increased 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. Craig Hallum boosted their target price on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Northcoast Research began coverage on shares of Kura Sushi USA in a report on Tuesday, September 10th. They issued a “buy” rating and a $79.00 price target for the company.

Kura Sushi USA Price Performance

NASDAQ KRUS opened at $90.64 on Friday. The stock’s 50 day simple moving average is $96.74 and its 200 day simple moving average is $78.73. Kura Sushi USA has a one year low of $48.66 and a one year high of $122.81. The firm has a market cap of $1.08 billion, a PE ratio of -116.20 and a beta of 1.80.

Hedge Funds Weigh In On Kura Sushi USA

A number of large investors have recently bought and sold shares of KRUS. Kings Path Partners LLC acquired a new position in Kura Sushi USA during the second quarter worth $761,000. Versor Investments LP bought a new stake in Kura Sushi USA during the 2nd quarter worth about $233,000. Rhumbline Advisers boosted its stake in shares of Kura Sushi USA by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock worth $516,000 after buying an additional 350 shares during the last quarter. Roubaix Capital LLC bought a new position in shares of Kura Sushi USA in the 2nd quarter valued at about $1,755,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Kura Sushi USA by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company’s stock valued at $11,602,000 after acquiring an additional 8,146 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Company Profile