Kura Sushi USA (NASDAQ:KRUS) Price Target Raised to $90.00 at Barclays

Kura Sushi USA (NASDAQ:KRUS) had its price objective upped by Barclays from $70.00 to $90.00 in a research report released on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities research analysts also recently weighed in on KRUS. Northcoast Research began coverage on shares of Kura Sushi USA in a research note on Tuesday, September 10th. They issued a “buy” rating and a $79.00 target price on the stock. Craig Hallum raised their price objective on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Piper Sandler boosted their target price on Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.88.

Kura Sushi USA Stock Performance

NASDAQ:KRUS opened at $90.97 on Friday. The firm has a market capitalization of $1.02 billion, a PE ratio of -116.63 and a beta of 1.86. The stock’s fifty day moving average is $83.51 and its 200 day moving average is $79.96. Kura Sushi USA has a fifty-two week low of $48.66 and a fifty-two week high of $122.81.

Hedge Funds Weigh In On Kura Sushi USA

A number of hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank grew its stake in Kura Sushi USA by 58.6% in the first quarter. Comerica Bank now owns 268 shares of the company’s stock worth $31,000 after purchasing an additional 99 shares in the last quarter. Headlands Technologies LLC bought a new stake in Kura Sushi USA during the 1st quarter valued at $46,000. Quest Partners LLC grew its position in shares of Kura Sushi USA by 237.9% during the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after buying an additional 471 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Kura Sushi USA during the 1st quarter worth $370,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Kura Sushi USA by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,278 shares of the company’s stock worth $378,000 after buying an additional 232 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Company Profile