Barclays PLC Buys 9,229 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Barclays PLC raised its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 438.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,333 shares of the company’s stock after purchasing an additional 9,229 shares during the period. Barclays PLC’s holdings in Kura Sushi USA were worth $914,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC boosted its holdings in shares of Kura Sushi USA by 45.7% during the 3rd quarter. FMR LLC now owns 1,246,359 shares of the company’s stock valued at $100,407,000 after purchasing an additional 390,688 shares during the last quarter. Fred Alger Management LLC lifted 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 last quarter. Portolan Capital Management LLC lifted its holdings 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 acquiring an additional 28,655 shares during the last quarter. Rheos Capital Works Inc. lifted its holdings 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 acquiring an additional 12,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Kura Sushi USA by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company’s stock valued at $11,602,000 after acquiring an additional 8,146 shares during the last quarter. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Price Performance

Shares of NASDAQ KRUS opened at $89.91 on Tuesday. The company has a market cap of $1.07 billion, a P/E ratio of -115.27 and a beta of 1.80. Kura Sushi USA, Inc. has a 1 year low of $48.66 and a 1 year high of $122.81. The firm has a 50-day simple moving average of $96.92 and a two-hundred day simple moving average of $78.83.

Analysts Set New Price Targets

A number of brokerages recently commented on KRUS. Barclays increased their price target on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Northcoast Research began coverage on shares of Kura Sushi USA in a report on Tuesday, September 10th. They issued a “buy” rating and a $79.00 price target for the company. 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 report on Thursday, November 7th. Finally, Piper Sandler increased their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $84.88.

Kura Sushi USA Profile