Analysts Set Kura Sushi USA, Inc. (NASDAQ:KRUS) Price Target at $84.88

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

Several analysts have recently weighed in on KRUS shares. Barclays boosted their target price on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Craig Hallum increased 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. Northcoast Research started coverage on shares of Kura Sushi USA in a report on Tuesday, September 10th. They issued a “buy” rating and a $79.00 target price on the stock. Finally, Piper Sandler increased their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th.

Kura Sushi USA Price Performance

Shares of KRUS opened at $90.18 on Friday. Kura Sushi USA has a 1-year low of $48.66 and a 1-year high of $122.81. The stock has a market cap of $1.08 billion, a PE ratio of -115.61 and a beta of 1.80. The firm has a fifty day moving average price of $96.92 and a 200 day moving average price of $78.90.

Institutional Investors Weigh In On Kura Sushi USA

A number of hedge funds have recently added to or reduced their stakes in KRUS. Quest Partners LLC raised its stake in shares of Kura Sushi USA by 237.9% during the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after buying an additional 471 shares in the last quarter. Versor Investments LP purchased a new position in Kura Sushi USA in the second quarter worth $233,000. Janus Henderson Group PLC acquired a new stake in Kura Sushi USA in the third quarter valued at $237,000. Jennison Associates LLC lifted its holdings in Kura Sushi USA by 32.2% in the third quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock valued at $427,000 after acquiring an additional 1,292 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Kura Sushi USA by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock worth $516,000 after purchasing an additional 350 shares during the period. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Company Profile