Kura Sushi USA, Inc. (NASDAQ:KRUS) Sees Large Decrease in Short Interest

Kura Sushi USA, Inc. (NASDAQ:KRUS) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 1,370,000 shares, a decrease of 6.8% from the October 31st total of 1,470,000 shares. Currently, 20.8% of the shares of the stock are short sold. Based on an average daily volume of 163,200 shares, the days-to-cover ratio is presently 8.4 days.

Analysts Set New Price Targets

KRUS has been the subject of several research analyst reports. Barclays boosted their price objective on shares of Kura Sushi USA from $70.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Piper Sandler upped their price target on Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Craig Hallum raised their price target on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Northcoast Research started coverage on Kura Sushi USA in a report on Tuesday, September 10th. They set a “buy” rating and a $79.00 price objective for the company. Four equities research 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 stock has an average rating of “Moderate Buy” and an average price target of $84.88.

Kura Sushi USA Trading Down 1.6 %

NASDAQ KRUS opened at $102.34 on Wednesday. Kura Sushi USA has a 12 month low of $48.66 and a 12 month high of $122.81. The stock has a 50-day simple moving average of $91.73 and a 200 day simple moving average of $78.65. The company has a market capitalization of $1.22 billion, a PE ratio of -131.20 and a beta of 1.80.

Institutional Trading of Kura Sushi USA

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC increased its position in shares of Kura Sushi USA by 45.7% in the 3rd quarter. FMR LLC now owns 1,246,359 shares of the company’s stock valued at $100,407,000 after buying an additional 390,688 shares in the last quarter. Fred Alger Management LLC increased its holdings in shares of Kura Sushi USA by 24.5% in the third quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock worth $40,731,000 after acquiring an additional 99,515 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Kura Sushi USA by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 327,315 shares of the company’s stock valued at $37,694,000 after purchasing an additional 5,942 shares in the last quarter. Portolan Capital Management LLC grew its position in shares of Kura Sushi USA by 15.3% in the 3rd quarter. Portolan Capital Management LLC now owns 216,530 shares of the company’s stock valued at $17,444,000 after purchasing an additional 28,655 shares during the period. Finally, Rheos Capital Works Inc. grew its position in shares of Kura Sushi USA by 6.3% in the 3rd quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company’s stock valued at $16,434,000 after purchasing an additional 12,000 shares during the period. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Company Profile