Kura Sushi USA (NASDAQ:KRUS) Now Covered by Piper Sandler

Piper Sandler started coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a report issued on Wednesday, MarketBeat reports. The firm issued a neutral rating and a $114.00 price target on the stock.

Several other equities research analysts also recently weighed in on KRUS. Benchmark raised their price objective on Kura Sushi USA from $90.00 to $105.00 and gave the company a buy rating in a report on Friday, January 12th. Craig Hallum boosted their price target on Kura Sushi USA from $90.00 to $130.00 and gave the stock a buy rating in a report on Tuesday, April 2nd. Roth Mkm upped their price objective on Kura Sushi USA from $87.00 to $120.00 and gave the company a buy rating in a research note on Friday, April 5th. Citigroup lifted their target price on shares of Kura Sushi USA from $122.00 to $124.00 and gave the stock a neutral rating in a research report on Friday, April 5th. Finally, Lake Street Capital boosted their target price on shares of Kura Sushi USA from $70.00 to $93.00 and gave the stock a hold rating in a report on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $109.50.

Kura Sushi USA Price Performance

Shares of NASDAQ:KRUS opened at $113.96 on Wednesday. Kura Sushi USA has a one year low of $51.02 and a one year high of $122.81. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 814.06 and a beta of 1.98. The firm has a 50 day simple moving average of $105.18 and a 200 day simple moving average of $85.65.

Insider Activity at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $109.97, for a total transaction of $549,850.00. Following the completion of the transaction, 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 SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Kura Sushi USA

A number of institutional investors have recently bought and sold shares of KRUS. Stephens Inc. AR lifted its stake 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 valued at $69,428,000 after purchasing an additional 104,063 shares during the period. Vanguard Group Inc. lifted its stake in Kura Sushi USA by 0.9% in the third quarter. Vanguard Group Inc. now owns 305,367 shares of the company’s stock valued at $20,191,000 after buying an additional 2,731 shares during the period. Lord Abbett & CO. LLC boosted its holdings in shares of Kura Sushi USA by 14.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 209,692 shares of the company’s stock worth $13,865,000 after buying an additional 25,985 shares in the last quarter. Ophir Asset Management Pty Ltd acquired a new stake in shares of Kura Sushi USA during the 4th quarter worth approximately $13,356,000. Finally, Wasatch Advisors LP lifted its position in shares of Kura Sushi USA by 25.1% during the 4th quarter. Wasatch Advisors LP now owns 112,911 shares of the company’s stock valued at $8,581,000 after acquiring an additional 22,621 shares during the period. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA