Kura Sushi USA, Inc. (NASDAQ:KRUS) Short Interest Up 10.7% in March

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,450,000 shares, an increase of 10.7% from the March 15th total of 1,310,000 shares. Approximately 24.1% of the shares of the company are sold short. Based on an average daily trading volume, of 124,100 shares, the short-interest ratio is currently 11.7 days.

Institutional Trading of Kura Sushi USA

Several institutional investors have recently bought and sold shares of the stock. US Bancorp DE increased its holdings in Kura Sushi USA by 58.3% in the second quarter. US Bancorp DE now owns 361 shares of the company's stock valued at $34,000 after purchasing an additional 133 shares during the last quarter. Quest Partners LLC bought a new position in shares of Kura Sushi USA during the 4th quarter worth approximately $36,000. Ameritas Investment Partners Inc. boosted its stake in shares of Kura Sushi USA by 72.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 482 shares of the company's stock worth $45,000 after acquiring an additional 202 shares during the period. Lazard Asset Management LLC bought a new position in shares of Kura Sushi USA during the 4th quarter worth approximately $43,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Kura Sushi USA by 521.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,013 shares of the company's stock worth $75,000 after purchasing an additional 850 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company's stock.

Kura Sushi USA Stock Down 0.6 %

NASDAQ KRUS traded down $0.61 during trading on Monday, hitting $110.05. The company's stock had a trading volume of 133,579 shares, compared to its average volume of 127,713. The firm has a 50 day moving average price of $103.66 and a 200 day moving average price of $83.08. The firm has a market cap of $1.24 billion, a P/E ratio of 786.13 and a beta of 1.98. Kura Sushi USA has a 52 week low of $51.02 and a 52 week high of $122.81.

Analysts Set New Price Targets

KRUS has been the subject of a number of recent analyst reports. Roth Mkm raised their target price on Kura Sushi USA from $87.00 to $120.00 and gave the company a "buy" rating in a report on Friday, April 5th. Barclays lifted their price target on Kura Sushi USA from $82.00 to $95.00 and gave the company an "equal weight" rating in a report on Friday, April 5th. Craig Hallum upped their price target on Kura Sushi USA from $90.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, April 2nd. Benchmark upped their target price on Kura Sushi USA from $90.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, January 12th. Finally, Citigroup upped their price target on Kura Sushi USA from $122.00 to $124.00 and gave the company a "neutral" rating in a research report on Friday, April 5th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Kura Sushi USA presently has a consensus rating of "Moderate Buy" and a consensus target price of $108.86.

About Kura Sushi USA