Kura Sushi USA, Inc. (NASDAQ:KRUS) Director Sells $549,850.00 in Stock

Kura Sushi USA, Inc. (NASDAQ:KRUS) Director Seitaro Ishii sold 5,000 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $109.97, for a total value of $549,850.00. Following the transaction, the director now owns 1,313 shares of the company’s stock, valued at $144,390.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Kura Sushi USA Stock Down 0.2 %

Kura Sushi USA stock opened at $110.00 on Thursday. The business’s 50-day simple moving average is $104.17 and its 200 day simple moving average is $83.57. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 785.77 and a beta of 1.98. Kura Sushi USA, Inc. has a 12-month low of $51.02 and a 12-month high of $122.81.

Analysts Set New Price Targets

Several research firms have issued reports on KRUS. Citigroup increased their price objective on Kura Sushi USA from $122.00 to $124.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Craig Hallum increased their price objective on Kura Sushi USA from $90.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Lake Street Capital increased their price objective on Kura Sushi USA from $70.00 to $93.00 and gave the stock a “hold” rating in a research note on Friday, April 5th. Barclays increased their target price on Kura Sushi USA from $82.00 to $95.00 and gave the stock an “equal weight” rating in a report on Friday, April 5th. Finally, William Blair restated an “outperform” rating on shares of Kura Sushi USA in a report on Friday, April 5th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $108.86.

Hedge Funds Weigh In On Kura Sushi USA

Several hedge funds have recently added to or reduced their stakes in the company. Stephens Inc. AR boosted its holdings in Kura Sushi USA by 12.9% in the fourth quarter. Stephens Inc. AR now owns 913,529 shares of the company’s stock valued at $69,428,000 after acquiring an additional 104,063 shares during the last quarter. BlackRock Inc. boosted its holdings in Kura Sushi USA by 33.7% in the second quarter. BlackRock Inc. now owns 387,168 shares of the company’s stock valued at $35,987,000 after acquiring an additional 97,654 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Kura Sushi USA by 5.2% in the fourth quarter. Vanguard Group Inc. now owns 321,373 shares of the company’s stock valued at $24,424,000 after acquiring an additional 16,006 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Kura Sushi USA by 45.7% in the first quarter. Ameriprise Financial Inc. now owns 289,570 shares of the company’s stock valued at $19,065,000 after acquiring an additional 90,775 shares during the last quarter. Finally, FMR LLC boosted its holdings in Kura Sushi USA by 80,772.3% in the second quarter. FMR LLC now owns 228,060 shares of the company’s stock valued at $11,296,000 after acquiring an additional 227,778 shares during the last quarter. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA