Kura Sushi USA (NASDAQ:KRUS) Shares Gap Up to $55.03

Posted by Chris Copeland on Jul 12th, 2024

Kura Sushi USA, Inc. (NASDAQ:KRUS – Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $55.03, but opened at $56.43. Kura Sushi USA shares last traded at $56.25, with a volume of 53,195 shares traded.

Analyst Ratings Changes

Several research analysts recently commented on KRUS shares. Craig Hallum reduced their target price on shares of Kura Sushi USA from $120.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday. Benchmark restated a “buy” rating and set a $90.00 target price on shares of Kura Sushi USA in a report on Wednesday. Barclays reduced their target price on shares of Kura Sushi USA from $65.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday. Lake Street Capital cut their price target on shares of Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a research note on Friday, April 5th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.43.

Check Out Our Latest Analysis on KRUS

Kura Sushi USA Price Performance

The company has a market capitalization of $618.77 million, a P/E ratio of -786.14 and a beta of 1.87. The company’s 50-day moving average price is $88.58 and its two-hundred day moving average price is $95.51.

Hedge Funds Weigh In On Kura Sushi USA

Several large investors have recently modified their holdings of the stock. Stephens Inc. AR raised its position in shares of Kura Sushi USA by 12.9% in the fourth quarter. Stephens Inc. AR now owns 913,529 shares of the company’s stock valued at $69,428,000 after purchasing an additional 104,063 shares during the period. Vanguard Group Inc. increased its position in Kura Sushi USA by 1.8% during the first quarter. Vanguard Group Inc. now owns 327,315 shares of the company’s stock worth $37,694,000 after acquiring an additional 5,942 shares during the period. Ophir Asset Management Pty Ltd bought a new position in Kura Sushi USA during the fourth quarter worth about $13,356,000. Wasatch Advisors LP increased its position in Kura Sushi USA by 25.1% during the fourth 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 period. Finally, Lord Abbett & CO. LLC increased its position in Kura Sushi USA by 28.1% during the first quarter. Lord Abbett & CO. LLC now owns 103,916 shares of the company’s stock worth $11,967,000 after acquiring an additional 22,823 shares during the period. 65.49% of the stock is owned by institutional investors.