Kura Sushi USA (NASDAQ:KRUS) Earns Neutral Rating from Analysts at Piper Sandler

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

KRUS has been the subject of a number of other reports. Barclays lifted their price target on shares of Kura Sushi USA from $82.00 to $95.00 and gave the stock an equal weight rating in a research note on Friday, April 5th. William Blair restated an outperform rating on shares of Kura Sushi USA in a research report on Friday, April 5th. Benchmark increased their price target on Kura Sushi USA from $90.00 to $105.00 and gave the stock a buy rating in a report on Friday, January 12th. Citigroup raised their price target 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. Finally, Lake Street Capital upped their price objective on Kura Sushi USA from $70.00 to $93.00 and gave the company a hold rating in a research report on Friday, April 5th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $109.50.

Kura Sushi USA Stock Up 4.3 %

NASDAQ KRUS opened at $113.96 on Wednesday. Kura Sushi USA has a 52 week low of $51.02 and a 52 week high of $122.81. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 814.06 and a beta of 1.98. The company has a fifty day moving average of $105.18 and a two-hundred day moving average of $85.55.

Insiders Place Their Bets

In other news, Director Seitaro Ishii sold 5,000 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $109.97, for a total transaction of $549,850.00. Following the transaction, the director now owns 1,313 shares in the company, valued at $144,390.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Kura Sushi USA

Several institutional investors have recently bought and sold shares of KRUS. Quest Partners LLC purchased a new position in shares of Kura Sushi USA in the 4th quarter valued at $36,000. Tower Research Capital LLC TRC lifted its position in shares of Kura Sushi USA by 237.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,060 shares of the company’s stock valued at $81,000 after buying an additional 746 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Kura Sushi USA in the 4th quarter valued at about $113,000. Red Door Wealth Management LLC purchased a new position in shares of Kura Sushi USA in the 1st quarter worth approximately $237,000. Finally, Trexquant Investment LP raised its stake in shares of Kura Sushi USA by 29.5% during the 3rd quarter. Trexquant Investment LP now owns 5,297 shares of the company’s stock worth $350,000 after acquiring an additional 1,208 shares in the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Company Profile