State Street Corp Has $10.32 Million Holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS)

State Street Corp increased its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 0.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 128,068 shares of the company’s stock after acquiring an additional 1,016 shares during the period. State Street Corp’s holdings in Kura Sushi USA were worth $10,317,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Rhumbline Advisers increased its holdings in Kura Sushi USA by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock valued at $516,000 after purchasing an additional 350 shares in the last quarter. Quest Partners LLC boosted its stake in Kura Sushi USA by 237.9% during the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after acquiring an additional 471 shares during the last quarter. Jennison Associates LLC grew its holdings in Kura Sushi USA by 32.2% during the third quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock valued at $427,000 after purchasing an additional 1,292 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Kura Sushi USA by 33.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company’s stock valued at $529,000 after purchasing an additional 1,644 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in Kura Sushi USA in the third quarter worth $237,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Price Performance

Shares of Kura Sushi USA stock opened at $90.39 on Friday. The business has a fifty day simple moving average of $96.93 and a two-hundred day simple moving average of $78.90. Kura Sushi USA, Inc. has a 1 year low of $48.66 and a 1 year high of $122.81. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -115.88 and a beta of 1.80.

Analyst Upgrades and Downgrades

KRUS has been the subject of several research analyst reports. Craig Hallum boosted their price target on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Piper Sandler lifted their target price on Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Northcoast Research started coverage on Kura Sushi USA in a report on Tuesday, September 10th. They issued a “buy” rating and a $79.00 price target for the company. Finally, Barclays lifted their price objective on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $84.88.

Kura Sushi USA Company Profile