Kura Sushi USA (NASDAQ:KRUS) Shares Gap Down to $58.47

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) gapped down prior to trading on Wednesday . The stock had previously closed at $58.47, but opened at $56.03. Kura Sushi USA shares last traded at $54.72, with a volume of 121,864 shares traded.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Craig Hallum decreased their target price on Kura Sushi USA from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, June 28th. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research report on Friday, April 5th. Piper Sandler assumed coverage on shares of Kura Sushi USA in a research note on Wednesday, April 24th. They set a “neutral” rating and a $114.00 target price on the stock. Citigroup increased their price target on shares of Kura Sushi USA from $122.00 to $124.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $90.00 price objective (down from $120.00) on shares of Kura Sushi USA in a research report on Friday, June 28th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kura Sushi USA presently has a consensus rating of “Moderate Buy” and an average price target of $96.43.

Kura Sushi USA Stock Performance

The company has a market capitalization of $583.34 million, a PE ratio of 379.71 and a beta of 1.87. The business’s 50-day moving average is $90.67 and its 200-day moving average is $96.12.

Insider Activity

In related news, Director Seitaro Ishii sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $109.97, for a total value of $549,850.00. Following the sale, the director now owns 1,313 shares in the company, valued at approximately $144,390.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Kura Sushi USA

Hedge funds have recently added to or reduced their stakes in the stock. Stephens Inc. AR raised its position in shares of Kura Sushi USA by 12.9% in the 4th quarter. Stephens Inc. AR now owns 913,529 shares of the company’s stock worth $69,428,000 after purchasing an additional 104,063 shares during the last quarter. Vanguard Group Inc. raised its holdings in Kura Sushi USA by 1.8% in the first quarter. Vanguard Group Inc. now owns 327,315 shares of the company’s stock worth $37,694,000 after buying an additional 5,942 shares during the last quarter. Ophir Asset Management Pty Ltd bought a new position in shares of Kura Sushi USA in the fourth quarter worth approximately $13,356,000. Wasatch Advisors LP grew its holdings in shares of Kura Sushi USA by 25.1% during the fourth quarter. Wasatch Advisors LP now owns 112,911 shares of the company’s stock valued at $8,581,000 after buying an additional 22,621 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its position in shares of Kura Sushi USA by 28.1% during the first quarter. Lord Abbett & CO. LLC now owns 103,916 shares of the company’s stock valued at $11,967,000 after acquiring an additional 22,823 shares in the last quarter. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Company Profile