Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives $84.88 Average Price Target from Analysts

Kura Sushi USA, Inc. (NASDAQ:KRUS) has received an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $84.88.

KRUS has been the subject of a number of research analyst reports. Piper Sandler increased their price target on Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Northcoast Research initiated coverage on Kura Sushi USA in a research report on Tuesday, September 10th. They set a “buy” rating and a $79.00 price target for the company. Craig Hallum boosted their price objective on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Barclays lifted their price objective on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, November 8th.

Kura Sushi USA Stock Performance

KRUS stock opened at $90.18 on Friday. The firm has a market cap of $1.08 billion, a PE ratio of -115.61 and a beta of 1.80. Kura Sushi USA has a one year low of $48.66 and a one year high of $122.81. The firm’s 50 day moving average price is $96.92 and its 200-day moving average price is $78.90.

Institutional Investors Weigh In On Kura Sushi USA

Hedge funds and other institutional investors have recently modified their holdings of the company. Kings Path Partners LLC purchased a new position in Kura Sushi USA in the second quarter valued at $761,000. Versor Investments LP acquired a new position in shares of Kura Sushi USA during the 2nd quarter worth about $233,000. Rhumbline Advisers increased its holdings in shares of Kura Sushi USA by 4.5% in the 2nd quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock valued at $516,000 after acquiring an additional 350 shares during the last quarter. Roubaix Capital LLC acquired a new stake in shares of Kura Sushi USA during the 2nd quarter worth about $1,755,000. Finally, Dimensional Fund Advisors LP lifted its stake in Kura Sushi USA by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company’s stock worth $11,602,000 after purchasing an additional 8,146 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

About Kura Sushi USA