Kura Sushi USA (NASDAQ:KRUS) Trading 8.6% Higher

Kura Sushi USA, Inc. (NASDAQ:KRUS)’s share price rose 8.6% during mid-day trading on Thursday . The company traded as high as $53.31 and last traded at $53.31. Approximately 66,022 shares were traded during trading, a decline of 56% from the average daily volume of 150,412 shares. The stock had previously closed at $49.07.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KRUS. Piper Sandler lowered their price objective on shares of Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday. Barclays reduced their target price on Kura Sushi USA from $65.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday. Benchmark reaffirmed a “buy” rating and set a $90.00 price target on shares of Kura Sushi USA in a research note on Wednesday. Roth Mkm restated a “buy” rating and set a $70.00 price objective (down previously from $90.00) on shares of Kura Sushi USA in a report on Wednesday. Finally, Lake Street Capital cut their target price on Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $71.43.

Kura Sushi USA Stock Performance

The firm has a market capitalization of $619.05 million, a P/E ratio of 380.79 and a beta of 1.87. The firm has a 50 day simple moving average of $89.60 and a two-hundred day simple moving average of $95.79.

Insider Activity at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 5,000 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $109.97, for a total value of $549,850.00. Following the transaction, the director now owns 1,313 shares of the company’s stock, valued at $144,390.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KRUS. GSA Capital Partners LLP bought a new position in Kura Sushi USA during the fourth quarter valued at $2,991,000. Wasatch Advisors LP increased its holdings in Kura Sushi USA by 25.1% in the 4th quarter. Wasatch Advisors LP now owns 112,911 shares of the company’s stock worth $8,581,000 after acquiring an additional 22,621 shares during the last quarter. Rheos Capital Works Inc. bought a new stake in Kura Sushi USA in the 1st quarter valued at about $10,940,000. Vanguard Group Inc. lifted its holdings in Kura Sushi USA by 0.9% during the third quarter. Vanguard Group Inc. now owns 305,367 shares of the company’s stock valued at $20,191,000 after purchasing an additional 2,731 shares during the last quarter. Finally, Millrace Asset Group Inc. bought a new position in Kura Sushi USA during the fourth quarter worth about $1,499,000. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

About Kura Sushi USA