Kura Sushi USA (NASDAQ:KRUS) Shares Gap Up – What’s Next?

Kura Sushi USA, Inc. (NASDAQ:KRUSGet Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $50.46, but opened at $52.98. Kura Sushi USA shares last traded at $53.4760, with a volume of 70,936 shares.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Royal Bank Of Canada set a $85.00 price objective on shares of Kura Sushi USA in a research note on Tuesday, January 20th. Wall Street Zen raised shares of Kura Sushi USA from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. DA Davidson reissued a “buy” rating and set a $90.00 price target on shares of Kura Sushi USA in a research note on Monday, April 6th. Zacks Research cut shares of Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings cut shares of Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $77.00.

Read Our Latest Stock Analysis on KRUS

Kura Sushi USA Price Performance

The company’s 50 day moving average price is $59.51 and its 200 day moving average price is $60.09. The firm has a market capitalization of $635.54 million, a P/E ratio of -326.32 and a beta of 1.33.

Institutional Investors Weigh In On Kura Sushi USA

Several institutional investors have recently added to or reduced their stakes in KRUS. Divisadero Street Capital Management LP acquired a new stake in Kura Sushi USA in the 3rd quarter valued at $34,586,000. Granahan Investment Management LLC increased its stake in Kura Sushi USA by 125.4% in the 3rd quarter. Granahan Investment Management LLC now owns 671,012 shares of the company’s stock valued at $39,865,000 after buying an additional 373,354 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Kura Sushi USA in the 4th quarter valued at $19,194,000. Stephens Inc. AR increased its stake in Kura Sushi USA by 31.9% in the 1st quarter. Stephens Inc. AR now owns 1,107,263 shares of the company’s stock valued at $77,276,000 after buying an additional 267,955 shares during the last quarter. Finally, Woodline Partners LP increased its stake in Kura Sushi USA by 270.3% in the 3rd quarter. Woodline Partners LP now owns 292,014 shares of the company’s stock valued at $17,349,000 after buying an additional 213,158 shares during the last quarter. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Company Profile

(Get Free Report)

Kura Sushi USA, Inc operates Japanese‐style revolving sushi restaurants across the United States. The company’s concept centers on delivering a modern sushi dining experience by combining fresh ingredients with automated conveyer belt and plate‐return systems. Guests can choose from a broad menu that includes nigiri, sashimi, maki rolls, tempura, udon noodles and chef‐inspired seasonal dishes, all served directly from the conveyor belt or ordered on tabletop touchscreens.

Each restaurant integrates patented technology to ensure food quality and operational efficiency.

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