Kura Sushi USA (NASDAQ:KRUS) Receives New Coverage from Analysts at Northcoast Research

Investment analysts at Northcoast Research started coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a report issued on Tuesday, StockNewsAPI reports. The firm set a “buy” rating and a $79.00 price target on the stock. Northcoast Research’s price objective indicates a potential upside of 29.25% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the stock. Piper Sandler dropped their target price on shares of Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Benchmark reissued a “buy” rating and set a $90.00 price objective on shares of Kura Sushi USA in a research note on Wednesday, July 10th. Craig Hallum dropped their price objective on shares of Kura Sushi USA from $120.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Lake Street Capital dropped their price objective on shares of Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, July 10th. Finally, Citigroup dropped their price objective on shares of Kura Sushi USA from $79.00 to $68.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.38.

Kura Sushi USA Trading Down 1.9 %

Shares of Kura Sushi USA stock opened at $61.12 on Tuesday. Kura Sushi USA has a 12-month low of $48.66 and a 12-month high of $122.81. The stock has a market cap of $686.44 million, a PE ratio of -873.14 and a beta of 1.87. The company has a 50-day moving average of $58.79 and a two-hundred day moving average of $85.85.

Institutional Trading of Kura Sushi USA

A number of hedge funds have recently bought and sold shares of KRUS. Ophir Asset Management Pty Ltd acquired a new stake in Kura Sushi USA during the fourth quarter worth approximately $13,356,000. Stephens Inc. AR boosted its position in Kura Sushi USA by 12.9% during the fourth quarter. Stephens Inc. AR now owns 913,529 shares of the company’s stock worth $69,428,000 after acquiring an additional 104,063 shares during the last quarter. Rheos Capital Works Inc. acquired a new stake in Kura Sushi USA during the first quarter worth approximately $10,940,000. GSA Capital Partners LLP acquired a new stake in Kura Sushi USA during the fourth quarter worth approximately $2,991,000. Finally, Lazard Asset Management LLC boosted its holdings in shares of Kura Sushi USA by 144.0% in the 1st quarter. Lazard Asset Management LLC now owns 62,031 shares of the company’s stock valued at $7,143,000 after purchasing an additional 36,609 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

About Kura Sushi USA