Kura Sushi USA, Inc. (NASDAQ:KRUS) Short Interest Update

Kura Sushi USA, Inc. (NASDAQ:KRUS) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 1,960,000 shares, a growth of 12.0% from the August 15th total of 1,750,000 shares. Approximately 32.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 230,100 shares, the short-interest ratio is presently 8.5 days.

Institutional Trading of Kura Sushi USA

Hedge funds have recently made changes to their positions in the stock. Quest Partners LLC bought a new stake in shares of Kura Sushi USA in the 4th quarter valued at approximately $36,000. Millrace Asset Group Inc. bought a new stake in Kura Sushi USA in the fourth quarter worth $1,499,000. Campbell & CO Investment Adviser LLC acquired a new position in Kura Sushi USA during the fourth quarter worth $457,000. Stephens Inc. AR raised its holdings in Kura Sushi USA by 12.9% during the fourth quarter. Stephens Inc. AR now owns 913,529 shares of the company’s stock valued at $69,428,000 after buying an additional 104,063 shares in the last quarter. Finally, Wasatch Advisors LP lifted its position in shares of Kura Sushi USA by 25.1% in the fourth quarter. Wasatch Advisors LP now owns 112,911 shares of the company’s stock worth $8,581,000 after buying an additional 22,621 shares during the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Lake Street Capital lowered their target price on Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, July 10th. Roth Mkm reaffirmed a “buy” rating and issued a $70.00 price objective (down previously from $90.00) on shares of Kura Sushi USA in a research note on Wednesday, July 10th. Piper Sandler dropped their target price on shares of Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Barclays reduced their target price on shares of Kura Sushi USA from $65.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Finally, Craig Hallum cut their target price on Kura Sushi USA from $120.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Kura Sushi USA currently has an average rating of “Moderate Buy” and a consensus target price of $72.38.

Kura Sushi USA Trading Up 5.8 %

Shares of NASDAQ KRUS opened at $81.85 on Wednesday. Kura Sushi USA has a one year low of $48.66 and a one year high of $122.81. The business has a 50-day moving average price of $60.48 and a two-hundred day moving average price of $84.95. The firm has a market capitalization of $919.26 million, a PE ratio of -1,169.29 and a beta of 1.87.

About Kura Sushi USA