Janus Henderson Group PLC Buys Shares of 2,935 Kura Sushi USA, Inc. (NASDAQ:KRUS)

Janus Henderson Group PLC purchased a new position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) during the third quarter, Holdings Channel reports. The institutional investor purchased 2,935 shares of the company’s stock, valued at approximately $237,000.

Other institutional investors have also recently made changes to their positions in the company. Landscape Capital Management L.L.C. bought a new position in shares of Kura Sushi USA during the third quarter valued at approximately $2,609,000. Rheos Capital Works Inc. boosted its position in Kura Sushi USA by 6.3% during the 3rd quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company’s stock valued at $16,434,000 after acquiring an additional 12,000 shares in the last quarter. Fred Alger Management LLC increased its holdings in shares of Kura Sushi USA by 24.5% in the 3rd quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock valued at $40,731,000 after acquiring an additional 99,515 shares during the period. Millrace Asset Group Inc. purchased a new position in shares of Kura Sushi USA in the 3rd quarter valued at $790,000. Finally, Verition Fund Management LLC lifted its stake in shares of Kura Sushi USA by 914.2% during the 3rd quarter. Verition Fund Management LLC now owns 51,641 shares of the company’s stock worth $4,160,000 after purchasing an additional 46,549 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Price Performance

NASDAQ:KRUS opened at $96.93 on Monday. The company has a 50 day moving average price of $95.22 and a 200-day moving average price of $78.88. Kura Sushi USA, Inc. has a 1-year low of $48.66 and a 1-year high of $122.81. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -124.27 and a beta of 1.80.

Analysts Set New Price Targets

Several research firms have commented on KRUS. Craig Hallum increased their price target on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Northcoast Research began coverage on shares of Kura Sushi USA in a research report on Tuesday, September 10th. They set a “buy” rating and a $79.00 target price for the company. Piper Sandler lifted their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Barclays increased 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $84.88.

Kura Sushi USA Profile