Kura Sushi USA (NASDAQ:KRUS) Trading Down 4.4% – Here’s What Happened

Kura Sushi USA, Inc. (NASDAQ:KRUS)’s stock price fell 4.4% on Monday . The company traded as low as $89.00 and last traded at $89.46. Approximately 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

A number of brokerages have issued reports on KRUS. Craig Hallum boosted their price objective on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Barclays upped their price target on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Northcoast Research began coverage on Kura Sushi USA in a report on Tuesday, September 10th. They issued a “buy” rating and a $79.00 target price on the stock. Finally, Piper Sandler lifted their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.88.

Kura Sushi USA Trading Up 1.5 %

The business’s 50-day simple moving average is $96.74 and its 200-day simple moving average is $78.73. The company has a market capitalization of $1.08 billion, a PE ratio of -116.20 and a beta of 1.80.

Institutional Trading of Kura Sushi USA

Several institutional investors have recently bought and sold shares of KRUS. Quest Partners LLC increased its position in shares of Kura Sushi USA by 237.9% during the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after purchasing an additional 471 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Kura Sushi USA in the second quarter valued at $233,000. Janus Henderson Group PLC purchased a new position in shares of Kura Sushi USA in the third quarter valued at approximately $237,000. Jennison Associates LLC boosted its position in Kura Sushi USA by 32.2% in the 3rd quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock valued at $427,000 after buying an additional 1,292 shares during the period. Finally, Rhumbline Advisers grew its stake in 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 purchasing an additional 350 shares in the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile