Kura Sushi USA (NASDAQ:KRUS) Receives New Coverage from Analysts at Piper Sandler

Equities research analysts at Piper Sandler assumed coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a research note issued on Wednesday, MarketBeat.com reports. The firm set a “neutral” rating and a $114.00 price target on the stock. Piper Sandler’s target price indicates a potential upside of 4.29% from the stock’s current price.

KRUS has been the topic of several other reports. Citigroup lifted their price target on shares of Kura Sushi USA from $122.00 to $124.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Barclays lifted their price target on shares of Kura Sushi USA from $82.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Friday, April 5th. Roth Mkm lifted their price target on shares of Kura Sushi USA from $87.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Craig Hallum lifted their price target on shares of Kura Sushi USA from $90.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Finally, Lake Street Capital lifted their price target on shares of Kura Sushi USA from $70.00 to $93.00 and gave the stock a “hold” rating in a research note on Friday, April 5th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $109.50.

Kura Sushi USA Price Performance

Shares of Kura Sushi USA stock opened at $109.31 on Wednesday. Kura Sushi USA has a 1 year low of $51.02 and a 1 year high of $122.81. The firm has a market cap of $1.23 billion, a PE ratio of 780.79 and a beta of 1.98. The company has a 50 day simple moving average of $104.96 and a two-hundred day simple moving average of $85.24.

Insider Buying and Selling

In related news, Director Seitaro Ishii sold 5,000 shares of Kura Sushi USA stock in a transaction on Friday, April 12th. The shares were sold at an average price of $109.97, for a total value of $549,850.00. Following the transaction, the director now directly owns 1,313 shares of the company’s stock, valued at $144,390.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KRUS. Jump Financial LLC purchased a new position in Kura Sushi USA during the 3rd quarter valued at $1,322,000. New York State Common Retirement Fund increased its position in Kura Sushi USA by 1.4% during the 3rd quarter. New York State Common Retirement Fund now owns 18,999 shares of the company’s stock valued at $1,256,000 after purchasing an additional 259 shares during the period. Valmark Advisers Inc. increased its position in Kura Sushi USA by 101.2% during the 3rd quarter. Valmark Advisers Inc. now owns 16,153 shares of the company’s stock valued at $1,068,000 after purchasing an additional 8,123 shares during the period. Lord Abbett & CO. LLC increased its position in Kura Sushi USA by 14.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 209,692 shares of the company’s stock valued at $13,865,000 after purchasing an additional 25,985 shares during the period. Finally, Trexquant Investment LP boosted its holdings in shares of Kura Sushi USA by 29.5% during the 3rd quarter. Trexquant Investment LP now owns 5,297 shares of the company’s stock valued at $350,000 after buying an additional 1,208 shares in the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Company Profile