Kura Sushi USA, Inc. (NASDAQ:KRUS – Get Free Report) shares shot up 5.6% during trading on Tuesday . The stock traded as high as $53.12 and last traded at $53.1290. 256,747 shares were traded during mid-day trading, a decline of 24% from the average session volume of 337,166 shares. The stock had previously closed at $50.31.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on KRUS shares. Citigroup raised their target price on shares of Kura Sushi USA from $65.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. TD Cowen reaffirmed a “hold” rating and set a $58.00 target price on shares of Kura Sushi USA in a research note on Wednesday, June 3rd. DA Davidson reaffirmed a “buy” rating and set a $90.00 target price on shares of Kura Sushi USA in a research note on Monday, April 6th. Lake Street Capital reaffirmed a “buy” rating on shares of Kura Sushi USA in a research note on Wednesday, April 8th. Finally, Weiss Ratings downgraded shares of Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $76.92.
View Our Latest Report on KRUS
Kura Sushi USA Price Performance
Institutional Investors Weigh In On Kura Sushi USA
Several institutional investors and hedge funds have recently made changes to their positions in the company. Stephens Inc. AR increased its position in shares of Kura Sushi USA by 31.9% during the first quarter. Stephens Inc. AR now owns 1,107,263 shares of the company’s stock valued at $77,276,000 after acquiring an additional 267,955 shares in the last quarter. Granahan Investment Management LLC increased its position in shares of Kura Sushi USA by 17.3% during the fourth quarter. Granahan Investment Management LLC now owns 787,108 shares of the company’s stock valued at $41,189,000 after acquiring an additional 116,096 shares in the last quarter. Divisadero Street Capital Management LP bought a new stake in shares of Kura Sushi USA during the third quarter valued at approximately $34,586,000. Balyasny Asset Management L.P. bought a new stake in shares of Kura Sushi USA during the fourth quarter valued at approximately $19,194,000. Finally, Ameriprise Financial Inc. increased its position in shares of Kura Sushi USA by 17.5% during the second quarter. Ameriprise Financial Inc. now owns 345,958 shares of the company’s stock valued at $29,780,000 after acquiring an additional 51,574 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.
About Kura Sushi USA
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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