Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $83.25.

Separately, Barclays decreased their target price on Kura Sushi USA from $95.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Monday, October 23rd.

Institutional Investors Weigh In On Kura Sushi USA

Hedge funds have recently modified their holdings of the company. Tudor Investment Corp Et Al boosted its stake in Kura Sushi USA by 35.9% during the 3rd quarter. Tudor Investment Corp Et Al now owns 16,199 shares of the company’s stock valued at $1,071,000 after purchasing an additional 4,282 shares during the last quarter. Royal Bank of Canada boosted its position in Kura Sushi USA by 5.4% during the third quarter. Royal Bank of Canada now owns 9,915 shares of the company’s stock valued at $656,000 after buying an additional 504 shares during the period. Qube Research & Technologies Ltd purchased a new stake in shares of Kura Sushi USA during the third quarter worth about $1,294,000. Trexquant Investment LP raised its stake in Kura Sushi USA by 29.5% in the third quarter. Trexquant Investment LP now owns 5,297 shares of the company’s stock worth $350,000 after buying an additional 1,208 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Kura Sushi USA by 0.9% in the third quarter. Northern Trust Corp now owns 110,268 shares of the company’s stock worth $7,291,000 after buying an additional 951 shares in the last quarter. Institutional investors and hedge funds own 62.94% of the company’s stock.

Kura Sushi USA Trading Up 4.3 %

Shares of NASDAQ:KRUS opened at $61.37 on Friday. Kura Sushi USA has a 1 year low of $37.97 and a 1 year high of $110.00. The business has a fifty day simple moving average of $66.13 and a 200 day simple moving average of $79.05. The firm has a market cap of $681.82 million, a price-to-earnings ratio of 613.70 and a beta of 2.04.

About Kura Sushi USA

Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States. The company's restaurants provide Japanese cuisine through an engaging revolving sushi service model, which is known as Kura Experience'. The company was formerly known as Kula Sushi USA, Inc and changed its name to Kura Sushi USA, Inc in October 2017.