Wasatch Advisors LP Sells 16,118 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Wasatch Advisors LP lessened its position in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 12.7% during the third quarter, Holdings Channel reports. The fund owned 111,296 shares of the company’s stock after selling 16,118 shares during the period. Wasatch Advisors LP’s holdings in Kura Sushi USA were worth $8,966,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in KRUS. Vanguard Group Inc. increased its stake in Kura Sushi USA by 1.8% in the first quarter. Vanguard Group Inc. now owns 327,315 shares of the company’s stock valued at $37,694,000 after acquiring an additional 5,942 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Kura Sushi USA by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,278 shares of the company’s stock valued at $378,000 after buying an additional 232 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Kura Sushi USA during the first quarter valued at about $513,000. Comerica Bank grew its stake in shares of Kura Sushi USA by 58.6% during the first quarter. Comerica Bank now owns 268 shares of the company’s stock valued at $31,000 after buying an additional 99 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Kura Sushi USA during the first quarter valued at about $370,000. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Price Performance

NASDAQ KRUS opened at $106.92 on Friday. The stock has a market capitalization of $1.28 billion, a PE ratio of -137.08 and a beta of 1.86. Kura Sushi USA, Inc. has a 1 year low of $48.66 and a 1 year high of $122.81. The business’s 50-day moving average is $90.96 and its 200 day moving average is $78.99.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Northcoast Research assumed coverage on Kura Sushi USA in a research note on Tuesday, September 10th. They set a “buy” rating and a $79.00 price objective on the stock. Craig Hallum raised their price objective on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Barclays raised their price objective on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Finally, Piper Sandler raised their price objective on Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Kura Sushi USA has a consensus rating of “Moderate Buy” and an average price target of $84.88.

Kura Sushi USA Profile