Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Acquired by Jennison Associates LLC

Jennison Associates LLC lifted its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 32.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,306 shares of the company’s stock after buying an additional 1,292 shares during the quarter. Jennison Associates LLC’s holdings in Kura Sushi USA were worth $427,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in KRUS. Comerica Bank increased its position in Kura Sushi USA by 58.6% during the 1st quarter. Comerica Bank now owns 268 shares of the company’s stock worth $31,000 after purchasing an additional 99 shares in the last quarter. Quest Partners LLC grew its holdings in Kura Sushi USA by 237.9% in the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after buying an additional 471 shares during the period. Versor Investments LP purchased a new stake in Kura Sushi USA in the 2nd quarter valued at about $233,000. Moody National Bank Trust Division purchased a new stake in Kura Sushi USA in the 2nd quarter valued at about $365,000. Finally, Virtu Financial LLC purchased a new stake in Kura Sushi USA in the 1st quarter valued at about $370,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

Wall Street Analyst Weigh In

KRUS has been the subject of several recent analyst reports. Craig Hallum lifted their price target on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Barclays lifted their price target on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Piper Sandler lifted their price target on Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Northcoast Research assumed coverage on Kura Sushi USA in a report on Tuesday, September 10th. They set a “buy” rating and a $79.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Kura Sushi USA currently has an average rating of “Moderate Buy” and a consensus target price of $84.88.

Kura Sushi USA Stock Performance

Shares of NASDAQ:KRUS opened at $103.69 on Monday. The stock has a 50-day simple moving average of $88.57 and a 200-day simple moving average of $78.84. The stock has a market capitalization of $1.24 billion, a P/E ratio of -132.93 and a beta of 1.86. Kura Sushi USA, Inc. has a 1 year low of $48.66 and a 1 year high of $122.81.

About Kura Sushi USA