Brokerages Set Kura Sushi USA, Inc. (NASDAQ:KRUS) PT at $108.86

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been given an average rating of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $108.86.

Several equities research analysts have weighed in on KRUS shares. Barclays upped their price target on Kura Sushi USA from $82.00 to $95.00 and gave the stock an “equal weight” rating in a report on Friday, April 5th. William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a report on Friday, April 5th. Lake Street Capital increased their price objective on Kura Sushi USA from $70.00 to $93.00 and gave the company a “hold” rating in a report on Friday, April 5th. Roth Mkm increased their price objective on Kura Sushi USA from $87.00 to $120.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Craig Hallum increased their price objective on Kura Sushi USA from $90.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd.

Insider Activity at Kura Sushi USA

In related news, Director Seitaro Ishii sold 5,000 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $109.97, for a total value of $549,850.00. Following the completion of the sale, the director now directly owns 1,313 shares of the company’s stock, valued at approximately $144,390.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Trading of Kura Sushi USA

A number of large investors have recently made changes to their positions in the company. Stephens Inc. AR boosted its position in shares of Kura Sushi USA by 12.9% in the 4th 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. BlackRock Inc. lifted its position in Kura Sushi USA by 33.7% during the 2nd quarter. BlackRock Inc. now owns 387,168 shares of the company’s stock worth $35,987,000 after acquiring an additional 97,654 shares during the period. Vanguard Group Inc. lifted its position in Kura Sushi USA by 5.2% during the 4th quarter. Vanguard Group Inc. now owns 321,373 shares of the company’s stock worth $24,424,000 after acquiring an additional 16,006 shares during the period. Ameriprise Financial Inc. lifted its position in Kura Sushi USA by 45.7% during the 1st quarter. Ameriprise Financial Inc. now owns 289,570 shares of the company’s stock worth $19,065,000 after acquiring an additional 90,775 shares during the period. Finally, FMR LLC lifted its position in 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 acquiring an additional 227,778 shares during the period. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Price Performance

Shares of NASDAQ KRUS opened at $107.98 on Monday. The stock’s 50-day moving average is $104.39 and its two-hundred day moving average is $84.31. Kura Sushi USA has a 1-year low of $51.02 and a 1-year high of $122.81. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 771.34 and a beta of 1.98.

Kura Sushi USA Company Profile