Renaissance Technologies LLC Purchases New Shares in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Renaissance Technologies LLC acquired a new stake in Kura Sushi USA, Inc. (NASDAQ:KRUS) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 18,300 shares of the company’s stock, valued at approximately $1,155,000. Renaissance Technologies LLC owned approximately 0.16% of Kura Sushi USA at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank raised its holdings in shares of 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 buying an additional 99 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Kura Sushi USA during the 1st quarter valued at about $46,000. RiverPark Advisors LLC boosted its holdings in Kura Sushi USA by 293.5% in the first quarter. RiverPark Advisors LLC now owns 1,452 shares of the company’s stock worth $167,000 after acquiring an additional 1,083 shares in the last quarter. Versor Investments LP bought a new position in Kura Sushi USA in the second quarter worth approximately $233,000. Finally, Red Door Wealth Management LLC purchased a new stake in shares of Kura Sushi USA in the first quarter worth approximately $237,000. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Stock Up 6.7 %

Kura Sushi USA stock opened at $83.51 on Friday. The stock’s 50 day moving average is $67.84 and its 200 day moving average is $83.60. Kura Sushi USA, Inc. has a twelve month low of $48.66 and a twelve month high of $122.81. The company has a market capitalization of $937.90 million, a P/E ratio of -1,193.00 and a beta of 1.89.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KRUS. Roth Mkm reaffirmed a “buy” rating and set a $70.00 price target (down from $90.00) on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Northcoast Research initiated coverage on Kura Sushi USA in a research note on Tuesday, September 10th. They set a “buy” rating and a $79.00 price objective for the company. Piper Sandler lowered their price target on Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Lake Street Capital lowered their target price on Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, July 10th. Finally, Benchmark reiterated a “buy” rating and set a $90.00 target price on shares of Kura Sushi USA in a report on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.38.

Kura Sushi USA Profile