UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 33.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,572 shares of the company’s stock after purchasing an additional 1,644 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.06% of Kura Sushi USA worth $529,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in KRUS. FMR LLC lifted its holdings in Kura Sushi USA by 45.7% in the 3rd quarter. FMR LLC now owns 1,246,359 shares of the company’s stock valued at $100,407,000 after purchasing an additional 390,688 shares in the last quarter. Rheos Capital Works Inc. increased its position in shares of Kura Sushi USA by 6.3% in the third 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Kura Sushi USA by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company’s stock valued at $11,602,000 after acquiring an additional 8,146 shares during the period. Roubaix Capital LLC boosted its position in shares of Kura Sushi USA by 104.8% in the third quarter. Roubaix Capital LLC now owns 56,979 shares of the company’s stock worth $4,590,000 after buying an additional 29,158 shares during the period. Finally, Royce & Associates LP boosted its holdings in Kura Sushi USA by 12.1% in the 3rd quarter. Royce & Associates LP now owns 37,000 shares of the company’s stock worth $2,981,000 after acquiring an additional 4,000 shares during the period. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Kura Sushi USA Trading Down 0.1 %

Shares of NASDAQ:KRUS opened at $93.62 on Friday. The business has a fifty day simple moving average of $96.50 and a 200 day simple moving average of $79.03. Kura Sushi USA, Inc. has a 1 year low of $48.66 and a 1 year high of $122.81. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -120.02 and a beta of 1.80.

Wall Street Analysts Forecast Growth

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

About Kura Sushi USA