Short Interest in Kura Sushi USA, Inc. (NASDAQ:KRUS) Grows By 12.0%

Kura Sushi USA, Inc. (NASDAQ:KRUS) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 1,960,000 shares, a growth of 12.0% from the August 15th total of 1,750,000 shares. Based on an average daily volume of 230,100 shares, the days-to-cover ratio is currently 8.5 days. Approximately 32.1% of the company’s shares are sold short.

Analyst Ratings Changes

Several brokerages have issued reports on KRUS. Lake Street Capital dropped their target price on Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, July 10th. Benchmark restated a “buy” rating and set a $90.00 price objective on shares of Kura Sushi USA in a report on Wednesday, July 10th. Piper Sandler reduced their target price on Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Roth Mkm reissued a “buy” rating and set a $70.00 target price (down from $90.00) on shares of Kura Sushi USA in a research note on Wednesday, July 10th. Finally, Barclays reduced their price target on shares of 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. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $72.38.

Institutional Investors Weigh In On Kura Sushi USA

Hedge funds have recently modified their holdings of the business. XTX Topco Ltd purchased a new position in Kura Sushi USA during the second quarter valued at approximately $521,000. Renaissance Technologies LLC bought a new stake in Kura Sushi USA during the 2nd quarter valued at $1,155,000. Dimensional Fund Advisors LP increased its holdings 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 acquiring an additional 8,146 shares during the period. Roubaix Capital LLC bought a new position in shares of Kura Sushi USA in the 2nd quarter worth $1,755,000. Finally, Rhumbline Advisers lifted its stake in shares of 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 during the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Stock Down 0.6 %

NASDAQ:KRUS traded down $0.45 during mid-day trading on Monday, reaching $77.33. The company’s stock had a trading volume of 107,772 shares, compared to its average volume of 164,992. The firm has a market capitalization of $868.49 million, a PE ratio of -1,111.57 and a beta of 1.87. The stock has a fifty day moving average of $59.71 and a 200-day moving average of $85.17. Kura Sushi USA has a 1 year low of $48.66 and a 1 year high of $122.81.

Kura Sushi USA Company Profile