Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Bought by Kings Path Partners LLC

Kings Path Partners LLC lifted its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUSFree Report) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,015 shares of the company’s stock after acquiring an additional 831 shares during the quarter. Kings Path Partners LLC owned about 0.09% of Kura Sushi USA worth $998,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Quest Partners LLC lifted its stake in shares of Kura Sushi USA by 237.9% during the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after purchasing an additional 471 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Kura Sushi USA in the 3rd quarter worth approximately $237,000. Jennison Associates LLC grew its position 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 in the last quarter. Rhumbline Advisers lifted its position in shares of Kura Sushi USA by 4.5% during the second quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock worth $516,000 after purchasing an additional 350 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Kura Sushi USA during the 2nd quarter valued at $521,000. 65.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on KRUS. Piper Sandler boosted their price objective on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Craig Hallum raised their price objective on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Barclays lifted their price objective 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 initiated coverage on Kura Sushi USA in a research note on Tuesday, September 10th. They set a “buy” rating and a $79.00 target price for the company. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.88.

Check Out Our Latest Analysis on Kura Sushi USA

Kura Sushi USA Price Performance

KRUS traded up $5.24 during trading hours on Monday, hitting $105.45. 89,283 shares of the stock were exchanged, compared to its average volume of 126,865. Kura Sushi USA, Inc. has a 12 month low of $48.66 and a 12 month high of $122.81. The stock has a 50-day simple moving average of $96.92 and a 200-day simple moving average of $79.14. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -135.19 and a beta of 1.84.

Kura Sushi USA Company Profile

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Institutional Ownership by Quarter for Kura Sushi USA (NASDAQ:KRUS)

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