Kura Sushi USA (NASDAQ:KRUS) Shares Gap Up to $109.31

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $109.31, but opened at $113.96. Kura Sushi USA shares last traded at $113.96, with a volume of 1,082 shares changing hands.

Analyst Ratings Changes

KRUS has been the subject of a number of recent analyst reports. Benchmark upped their price target on shares of Kura Sushi USA from $90.00 to $105.00 and gave the company a "buy" rating in a report on Friday, January 12th. Lake Street Capital upped their price target on shares of Kura Sushi USA from $70.00 to $93.00 and gave the company a "hold" rating in a report on Friday, April 5th. William Blair reiterated an "outperform" rating on shares of Kura Sushi USA in a report on Friday, April 5th. Roth Mkm upped their price target on shares of Kura Sushi USA from $87.00 to $120.00 and gave the company a "buy" rating in a report on Friday, April 5th. Finally, Craig Hallum upped their price objective on shares of Kura Sushi USA from $90.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Kura Sushi USA has an average rating of "Moderate Buy" and an average price target of $109.50.

Kura Sushi USA Trading Down 2.8 %

The company's fifty day simple moving average is $105.33 and its 200 day simple moving average is $86.08. The firm has a market capitalization of $1.24 billion, a P/E ratio of 791.43 and a beta of 1.98.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its quarterly earnings results on Thursday, April 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.08). Kura Sushi USA had a return on equity of 0.95% and a net margin of 0.73%. On average, analysts predict that Kura Sushi USA, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Seitaro Ishii sold 5,000 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $109.97, for a total value of $549,850.00. Following the completion of the transaction, the director now directly owns 1,313 shares in the company, valued at approximately $144,390.61. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by company insiders.

Institutional Trading of Kura Sushi USA

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Kura Sushi USA by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 305,367 shares of the company's stock valued at $20,191,000 after purchasing an additional 2,731 shares during the last quarter. Trexquant Investment LP grew its position in Kura Sushi USA by 29.5% during the 3rd quarter. Trexquant Investment LP now owns 5,297 shares of the company's stock valued at $350,000 after purchasing an additional 1,208 shares during the last quarter. Valmark Advisers Inc. grew its position in Kura Sushi USA by 101.2% during the 3rd quarter. Valmark Advisers Inc. now owns 16,153 shares of the company's stock valued at $1,068,000 after purchasing an additional 8,123 shares during the last quarter. Lord Abbett & CO. LLC grew its position in Kura Sushi USA by 14.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 209,692 shares of the company's stock valued at $13,865,000 after purchasing an additional 25,985 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Kura Sushi USA during the 4th quarter valued at about $113,000. 65.49% of the stock is owned by hedge funds and other institutional investors.

About Kura Sushi USA