Kura Sushi USA, Inc. (NASDAQ:KRUS) Short Interest Down 6.8% in November

Kura Sushi USA, Inc. (NASDAQ:KRUS) was the recipient of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 1,370,000 shares, a decline of 6.8% from the October 31st total of 1,470,000 shares. Currently, 20.8% of the shares of the company are sold short. Based on an average trading volume of 163,200 shares, the short-interest ratio is presently 8.4 days.

Institutional Trading of Kura Sushi USA

Hedge funds have recently modified their holdings of the company. Comerica Bank grew its position in Kura Sushi USA by 58.6% during the 1st quarter. Comerica Bank now owns 268 shares of the company’s stock worth $31,000 after acquiring an additional 99 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings 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 worth $378,000 after purchasing an additional 232 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Kura Sushi USA by 4.5% in the second quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock valued at $516,000 after buying an additional 350 shares in the last quarter. Quest Partners LLC raised its holdings in shares of Kura Sushi USA by 237.9% in the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after buying an additional 471 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Kura Sushi USA by 0.8% in the third quarter. State Street Corp now owns 128,068 shares of the company’s stock valued at $10,317,000 after buying an additional 1,016 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Stock Down 1.6 %

Shares of Kura Sushi USA stock opened at $102.34 on Wednesday. Kura Sushi USA has a 12-month low of $48.66 and a 12-month high of $122.81. The stock has a market capitalization of $1.22 billion, a P/E ratio of -131.20 and a beta of 1.80. The company has a 50-day simple moving average of $91.73 and a 200 day simple moving average of $78.65.

Analysts Set New Price Targets

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

About Kura Sushi USA