Insider Selling: Kura Sushi USA, Inc. (NASDAQ:KRUS) Director Sells 5,000 Shares of Stock

Kura Sushi USA, Inc. (NASDAQ:KRUS) Director Seitaro Ishii sold 5,000 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $109.97, for a total value of $549,850.00. Following the sale, the director now owns 1,313 shares of the company’s stock, valued at $144,390.61. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Kura Sushi USA Stock Performance

Shares of NASDAQ:KRUS traded up $0.74 during trading hours on Wednesday, hitting $110.92. The stock had a trading volume of 72,991 shares, compared to its average volume of 126,930. The stock’s fifty day simple moving average is $103.95 and its 200 day simple moving average is $83.39. Kura Sushi USA, Inc. has a 1-year low of $51.02 and a 1-year high of $122.81. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 797.84 and a beta of 1.98.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Kura Sushi USA by 0.9% during the third quarter. Vanguard Group Inc. now owns 305,367 shares of the company’s stock valued at $20,191,000 after acquiring an additional 2,731 shares during the period. Trexquant Investment LP increased its stake in shares of Kura Sushi USA by 29.5% during the third quarter. Trexquant Investment LP now owns 5,297 shares of the company’s stock valued at $350,000 after acquiring an additional 1,208 shares during the period. Valmark Advisers Inc. increased its stake in shares of Kura Sushi USA by 101.2% during the third quarter. Valmark Advisers Inc. now owns 16,153 shares of the company’s stock valued at $1,068,000 after acquiring an additional 8,123 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of Kura Sushi USA by 14.1% during the third quarter. Lord Abbett & CO. LLC now owns 209,692 shares of the company’s stock valued at $13,865,000 after acquiring an additional 25,985 shares during the period. Finally, Legato Capital Management LLC increased its stake in shares of Kura Sushi USA by 35.2% during the fourth quarter. Legato Capital Management LLC now owns 14,584 shares of the company’s stock valued at $1,108,000 after acquiring an additional 3,796 shares during the period. Institutional investors and hedge funds own 65.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KRUS shares. Barclays upped their price objective on shares of Kura Sushi USA from $82.00 to $95.00 and gave the company an “equal weight” rating in a research report on Friday, April 5th. Lake Street Capital increased their price target on shares of Kura Sushi USA from $70.00 to $93.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Roth Mkm increased their price objective on shares of Kura Sushi USA from $87.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a research note on Friday, April 5th. Finally, Citigroup increased their price objective on shares of Kura Sushi USA from $122.00 to $124.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.86.

Kura Sushi USA Company Profile