Kura Sushi USA (NASDAQ:KRUS) Trading 5.6% Higher – What’s Next?

Kura Sushi USA, Inc. (NASDAQ:KRUS) shares were up 5.6% 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 boosted their target price on shares of Kura Sushi USA from $65.00 to $78.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. TD Cowen reissued a “hold” rating and set a $58.00 price target on shares of Kura Sushi USA in a research note on Wednesday, June 3rd. DA Davidson reissued a “buy” rating and issued a $90.00 price target on shares of Kura Sushi USA in a report on Monday, April 6th. Weiss Ratings cut shares of Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen raised Kura Sushi USA from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $76.92.

Kura Sushi USA Price Performance

The stock has a 50-day moving average of $53.93 and a 200 day moving average of $60.17. The stock has a market capitalization of $610.27 million, a price-to-earnings ratio of -313.50 and a beta of 1.32.

Institutional Investors Weigh In On Kura Sushi USA

Institutional investors have recently modified their holdings of the business. Deutsche Bank AG raised its stake in shares of Kura Sushi USA by 4.2% during the fourth quarter. Deutsche Bank AG now owns 5,401 shares of the company’s stock worth $283,000 after buying an additional 218 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Kura Sushi USA by 42.5% in the second quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock valued at $82,000 after acquiring an additional 284 shares during the last quarter. Bank of America Corp DE grew its holdings in Kura Sushi USA by 5.4% during the 3rd quarter. Bank of America Corp DE now owns 5,623 shares of the company’s stock worth $334,000 after acquiring an additional 287 shares during the period. Raymond James Financial Inc. acquired a new stake in Kura Sushi USA during the 2nd quarter worth $29,000. Finally, Key Financial Inc raised its position in shares of Kura Sushi USA by 720.0% during the 4th quarter. Key Financial Inc now owns 615 shares of the company’s stock valued at $32,000 after acquiring an additional 540 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Company Profile

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.