Kura Sushi USA (NASDAQ:KRUS) Shares Up 5.5% – Should You Buy?

Kura Sushi USA, Inc. (NASDAQ:KRUS) was up 5.5% during trading on Thursday . The stock traded as high as $88.44 and last traded at $88.44. Approximately 34,979 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 158,090 shares. The stock had previously closed at $83.79.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Northcoast Research started coverage on shares of Kura Sushi USA in a research note on Tuesday, September 10th. They set a “buy” rating and a $79.00 target price on the stock. Barclays reduced their price target on Kura Sushi USA from $65.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Craig Hallum dropped their target price on shares of Kura Sushi USA from $120.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Benchmark reaffirmed a “buy” rating and issued a $90.00 target price on shares of Kura Sushi USA in a report on Wednesday, July 10th. Finally, Piper Sandler lowered their price objective on shares of Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.38.

Kura Sushi USA Trading Up 2.9 %

The company has a market cap of $1.02 billion, a P/E ratio of -1,293.00 and a beta of 1.89. The firm has a 50 day moving average of $73.67 and a 200-day moving average of $81.78.

Hedge Funds Weigh In On Kura Sushi USA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rheos Capital Works Inc. increased its stake in 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 acquiring an additional 12,000 shares during the last quarter. XTX Topco Ltd purchased a new stake in Kura Sushi USA during the 2nd quarter valued at $521,000. Renaissance Technologies LLC bought a new stake in Kura Sushi USA in the second quarter worth $1,155,000. Dimensional Fund Advisors LP boosted its stake in Kura Sushi USA by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company’s stock worth $11,602,000 after buying an additional 8,146 shares during the period. Finally, Roubaix Capital LLC bought a new position in Kura Sushi USA during the second quarter valued at $1,755,000. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Company Profile