Kura Sushi USA (NASDAQ:KRUS) Shares Up 9.5% – Time to Buy?

Kura Sushi USA, Inc. (NASDAQ:KRUS) was up 9.5% on Tuesday . The company traded as high as $60.27 and last traded at $60.93. Approximately 468,992 shares traded hands during trading, an increase of 45% from the average daily volume of 323,079 shares. The stock had previously closed at $55.66.

Analysts Set New Price Targets

A number of analysts have recently issued reports on KRUS shares. Zacks Research raised Kura Sushi USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Piper Sandler boosted their target price on Kura Sushi USA from $59.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Citigroup increased their price target on Kura Sushi USA from $65.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. Wall Street Zen raised Kura Sushi USA from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kura Sushi USA in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Kura Sushi USA has an average rating of “Hold” and an average target price of $77.00.

Kura Sushi USA Stock Performance

The company’s fifty day simple moving average is $66.34 and its two-hundred day simple moving average is $60.92. The stock has a market capitalization of $731.52 million, a P/E ratio of -377.16 and a beta of 1.65.

Insider Buying and Selling at Kura Sushi USA

In other news, insider Hajime Uba sold 9,874 shares of the stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $72.93, for a total transaction of $720,110.82. Following the transaction, the insider owned 6,026 shares in the company, valued at approximately $439,476.18. This trade represents a 62.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.28% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Kura Sushi USA during the second quarter worth $29,000. Key Financial Inc grew its stake in shares of Kura Sushi USA by 720.0% in the fourth quarter. Key Financial Inc now owns 615 shares of the company’s stock valued at $32,000 after acquiring an additional 540 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Kura Sushi USA during the fourth quarter worth about $36,000. Caitong International Asset Management Co. Ltd raised its stake in Kura Sushi USA by 681.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock worth $50,000 after purchasing an additional 736 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Kura Sushi USA by 95.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock worth $79,000 after purchasing an additional 646 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA

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.