Kura Sushi USA (NASDAQ:KRUS) Price Target Raised to $120.00 at Craig Hallum

Kura Sushi USA (NASDAQ:KRUS) had its price target hoisted by Craig Hallum from $85.00 to $120.00 in a report released on Thursday morning,Benzinga reports. Craig Hallum currently has a buy rating on the stock.

A number of other equities research analysts have also commented on KRUS. Northcoast Research initiated coverage on shares of Kura Sushi USA in a report on Tuesday, September 10th. They set a “buy” rating and a $79.00 price objective on the stock. Piper Sandler increased their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday. Benchmark restated a “buy” rating and issued a $90.00 price objective on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Barclays increased their price objective on Kura Sushi USA from $60.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, Citigroup dropped their target price on Kura Sushi USA from $79.00 to $68.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.88.

Kura Sushi USA Price Performance

Shares of KRUS traded down $4.12 on Thursday, hitting $90.97. The company’s stock had a trading volume of 237,738 shares, compared to its average volume of 150,875. The company has a market capitalization of $1.02 billion, a PE ratio of -116.63 and a beta of 1.86. The company has a 50 day moving average price of $83.51 and a 200 day moving average price of $80.38. Kura Sushi USA has a fifty-two week low of $48.66 and a fifty-two week high of $122.81.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KRUS. Vanguard Group Inc. increased its holdings in Kura Sushi USA by 1.8% in the first quarter. Vanguard Group Inc. now owns 327,315 shares of the company’s stock valued at $37,694,000 after purchasing an additional 5,942 shares during the last quarter. Rheos Capital Works Inc. boosted its position in shares of Kura Sushi USA by 6.3% during the third quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company’s stock worth $16,434,000 after purchasing an additional 12,000 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Kura Sushi USA by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company’s stock valued at $11,602,000 after purchasing an additional 8,146 shares during the period. Lord Abbett & CO. LLC increased its stake in Kura Sushi USA by 28.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 103,916 shares of the company’s stock worth $11,967,000 after purchasing an additional 22,823 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Kura Sushi USA by 42.6% during the first quarter. Russell Investments Group Ltd. now owns 103,290 shares of the company’s stock worth $11,895,000 after acquiring an additional 30,836 shares during the period. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Company Profile