Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $84.88.

Several analysts recently weighed in on the stock. Craig Hallum raised their target price on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Barclays raised their target price 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. Piper Sandler raised their target price on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Northcoast Research began 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 on the stock.

Hedge Funds Weigh In On Kura Sushi USA

A number of hedge funds have recently modified their holdings of the business. Comerica Bank grew its position in shares of Kura Sushi USA by 58.6% during the first 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 position in Kura Sushi USA by 7.6% in the 1st 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. Rhumbline Advisers grew its position in 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 buying an additional 350 shares during the last quarter. Quest Partners LLC grew its position in Kura Sushi USA by 237.9% in the 3rd 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 grew its position in Kura Sushi USA by 0.8% in the 3rd 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. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Kura Sushi USA Stock Performance

Shares of KRUS opened at $106.28 on Tuesday. The company’s 50-day simple moving average is $89.15 and its 200-day simple moving average is $78.84. The stock has a market capitalization of $1.27 billion, a PE ratio of -136.25 and a beta of 1.86. Kura Sushi USA has a 1 year low of $48.66 and a 1 year high of $122.81.

About Kura Sushi USA