Kura Sushi USA (NASDAQ:KRUS) Shares Gap Up – What’s Next?

Kura Sushi USA, Inc. (NASDAQ:KRUS)’s share price gapped up before the market opened on Monday . The stock had previously closed at $50.46, but opened at $52.98. Kura Sushi USA shares last traded at $53.4760, with a volume of 70,936 shares.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Royal Bank Of Canada set a $85.00 price objective on Kura Sushi USA in a research report on Tuesday, January 20th. Zacks Research cut Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Wall Street Zen raised Kura Sushi USA from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Citigroup raised their price objective on Kura Sushi USA from $65.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday, April 8th. Finally, Weiss Ratings cut Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $77.00.

Kura Sushi USA Stock Performance

The stock has a market capitalization of $635.54 million, a price-to-earnings ratio of -326.32 and a beta of 1.33. The company has a fifty day simple moving average of $59.51 and a two-hundred day simple moving average of $60.09.

Hedge Funds Weigh In On Kura Sushi USA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in Kura Sushi USA during the 2nd quarter worth $29,000. Key Financial Inc grew its position in Kura Sushi USA by 720.0% during the 4th quarter. Key Financial Inc now owns 615 shares of the company’s stock worth $32,000 after acquiring an additional 540 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Kura Sushi USA during the 4th quarter worth $36,000. Caitong International Asset Management Co. Ltd grew its position in Kura Sushi USA by 681.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock worth $50,000 after acquiring an additional 736 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Kura Sushi USA by 95.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock worth $79,000 after acquiring an additional 646 shares during the last quarter. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile

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.