Kura Sushi USA, Inc. (NASDAQ:KRUS) Sees Significant Growth in Short Interest

Kura Sushi USA, Inc. (NASDAQ:KRUS) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 1,450,000 shares, an increase of 10.7% from the March 15th total of 1,310,000 shares. Currently, 24.1% of the company’s stock are short sold. Based on an average trading volume of 124,100 shares, the days-to-cover ratio is presently 11.7 days.

Kura Sushi USA Stock Up 0.1 %

Kura Sushi USA stock opened at $110.18 on Wednesday. The company’s 50 day moving average price is $103.95 and its two-hundred day moving average price is $83.39. Kura Sushi USA has a 52 week low of $51.02 and a 52 week high of $122.81. The stock has a market cap of $1.24 billion, a P/E ratio of 787.06 and a beta of 1.98.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KRUS shares. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research report on Friday, April 5th. Roth Mkm raised their price target on shares of Kura Sushi USA from $87.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Craig Hallum raised their price target on shares of Kura Sushi USA from $90.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Barclays raised their price target on shares of Kura Sushi USA from $82.00 to $95.00 and gave the company an “equal weight” rating in a research report on Friday, April 5th. Finally, Lake Street Capital lifted their target price on shares of Kura Sushi USA from $70.00 to $93.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $108.86.

Institutional Investors Weigh In On Kura Sushi USA

Several large investors have recently modified their holdings of KRUS. FMR LLC increased its stake in shares of Kura Sushi USA by 80,772.3% during the 2nd quarter. FMR LLC now owns 228,060 shares of the company’s stock worth $11,296,000 after purchasing an additional 227,778 shares during the last quarter. Ophir Asset Management Pty Ltd purchased a new stake in shares of Kura Sushi USA during the 4th quarter worth approximately $13,356,000. Voya Investment Management LLC purchased a new stake in shares of Kura Sushi USA during the 4th quarter worth approximately $11,650,000. Marshall Wace LLP increased its stake in shares of Kura Sushi USA by 148.6% during the 4th quarter. Marshall Wace LLP now owns 204,837 shares of the company’s stock worth $9,767,000 after purchasing an additional 122,457 shares during the last quarter. Finally, Stephens Inc. AR increased its stake in shares of Kura Sushi USA by 12.9% during the 4th quarter. Stephens Inc. AR now owns 913,529 shares of the company’s stock worth $69,428,000 after purchasing an additional 104,063 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA