Kura Sushi USA (NASDAQ:KRUS) Sees Large Volume Increase – Here’s What Happened

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) saw strong trading volume on Tuesday . 187,935 shares changed hands during mid-day trading, an increase of 16% from the previous session’s volume of 161,639 shares.The stock last traded at $91.02 and had previously closed at $92.33.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on KRUS shares. Barclays lifted their target price on Kura Sushi USA from $70.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday. Northcoast Research started 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. Piper Sandler lifted their target price on Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Craig Hallum boosted their price target 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. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Kura Sushi USA has a consensus rating of “Moderate Buy” and an average price target of $84.88.

Kura Sushi USA Trading Down 1.4 %

The firm has a fifty day moving average of $84.04 and a two-hundred day moving average of $79.84. The company has a market capitalization of $1.02 billion, a PE ratio of -116.70 and a beta of 1.86.

Institutional Trading of Kura Sushi USA

Institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its stake in shares of Kura Sushi USA by 42.6% in the 1st quarter. Russell Investments Group Ltd. now owns 103,290 shares of the company’s stock worth $11,895,000 after buying an additional 30,836 shares during the last quarter. Castleark Management LLC bought a new stake in shares of Kura Sushi USA in the first quarter worth about $3,326,000. Lazard Asset Management LLC increased its holdings in shares of Kura Sushi USA by 144.0% in the first quarter. Lazard Asset Management LLC now owns 62,031 shares of the company’s stock worth $7,143,000 after purchasing an additional 36,609 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in Kura Sushi USA by 28.1% during the first quarter. Lord Abbett & CO. LLC now owns 103,916 shares of the company’s stock worth $11,967,000 after acquiring an additional 22,823 shares during the last quarter. Finally, Rheos Capital Works Inc. increased its stake in Kura Sushi USA by 6.3% during the third quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company’s stock worth $16,434,000 after acquiring an additional 12,000 shares during the last quarter. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile