Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 45,496 shares of the company’s stock after selling 614 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.40% of Kura Sushi USA worth $3,665,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of KRUS. Landscape Capital Management L.L.C. purchased a new position in shares of Kura Sushi USA during the third quarter worth about $2,609,000. Rheos Capital Works Inc. lifted its position in Kura Sushi USA by 6.3% during the 3rd 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 period. Roubaix Capital LLC grew its stake in shares of Kura Sushi USA by 104.8% in the 3rd quarter. Roubaix Capital LLC now owns 56,979 shares of the company’s stock valued at $4,590,000 after purchasing an additional 29,158 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Kura Sushi USA in the second quarter valued at approximately $1,155,000. Finally, Versor Investments LP acquired a new position in shares of Kura Sushi USA in the second quarter valued at approximately $233,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Northcoast Research assumed coverage on shares of Kura Sushi USA in a research report on Tuesday, September 10th. They issued a “buy” rating and a $79.00 price objective on the stock. Craig Hallum raised their target price 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, November 7th. Barclays boosted their price target on shares of Kura Sushi USA from $70.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Finally, Piper Sandler increased their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.88.

Kura Sushi USA Trading Down 3.3 %

Shares of KRUS opened at $96.93 on Friday. Kura Sushi USA, Inc. has a twelve month low of $48.66 and a twelve month high of $122.81. The firm has a market capitalization of $1.16 billion, a P/E ratio of -124.27 and a beta of 1.80. The firm’s 50-day moving average is $95.22 and its two-hundred day moving average is $79.02.

About Kura Sushi USA