Kura Sushi USA (NASDAQ:KRUS) Stock Price Up 5.1% – Should You Buy?

Kura Sushi USA, Inc. (NASDAQ:KRUS)’s stock price shot up 5.1% during mid-day trading on Friday . The stock traded as high as $49.61 and last traded at $50.62. 58,816 shares changed hands during trading, a decline of 81% from the average session volume of 315,351 shares. The stock had previously closed at $48.17.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on KRUS shares. Citigroup upped their price target on Kura Sushi USA from $65.00 to $78.00 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Lake Street Capital restated a “buy” rating on shares of Kura Sushi USA in a report on Wednesday, April 8th. Weiss Ratings lowered shares of Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday. Zacks Research downgraded shares of Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, Piper Sandler lifted their target price on Kura Sushi USA from $59.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $77.00.

Kura Sushi USA Trading Up 3.0%

The business’s fifty day moving average price is $59.85 and its 200 day moving average price is $60.19. The firm has a market capitalization of $602.77 million, a price-to-earnings ratio of -311.41 and a beta of 1.33.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in shares of Kura Sushi USA in the second quarter valued at about $29,000. Key Financial Inc grew its holdings in shares of Kura Sushi USA by 720.0% during the fourth quarter. Key Financial Inc now owns 615 shares of the company’s stock worth $32,000 after buying an additional 540 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Kura Sushi USA in the 4th quarter valued at about $36,000. Caitong International Asset Management Co. Ltd raised its stake in Kura Sushi USA by 681.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock valued at $50,000 after acquiring an additional 736 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Kura Sushi USA by 95.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock valued at $79,000 after acquiring an additional 646 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

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.