Kura Sushi USA, Inc. $KRUS Position Lessened by Wesbanco Bank Inc.

Key Points

• Wesbanco Bank Inc. has reduced its stake in Kura Sushi USA by 24.7%, selling 6,000 shares to hold a total of 18,300 shares valued at approximately $1,575,000.
• Several analysts have given mixed ratings on Kura Sushi, with price targets ranging from $62.00 to $106.00, resulting in an average rating of "Moderate Buy."
• Kura Sushi reported strong quarterly earnings of $0.05 EPS, surpassing estimates, and has a market capitalization of $963.21 million.

Wesbanco Bank Inc. decreased its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 24.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,300 shares of the company's stock after selling 6,000 shares during the quarter. Wesbanco Bank Inc. owned about 0.15% of Kura Sushi USA worth $1,575,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Voya Investment Management LLC lifted its position in shares of Kura Sushi USA by 25.4% in the first quarter. Voya Investment Management LLC now owns 256,449 shares of the company's stock worth $13,130,000 after buying an additional 51,866 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Kura Sushi USA by 122.5% during the first quarter. Jane Street Group LLC now owns 18,010 shares of the company's stock worth $922,000 after buying an additional 9,914 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Kura Sushi USA by 18.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,983 shares of the company's stock worth $204,000 after acquiring an additional 613 shares during the last quarter. Granahan Investment Management LLC increased its stake in Kura Sushi USA by 9.3% during the 1st quarter. Granahan Investment Management LLC now owns 401,143 shares of the company's stock worth $20,539,000 after buying an additional 34,114 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Kura Sushi USA in the 1st quarter worth approximately $573,000. Hedge funds and other institutional investors own 65.49% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on KRUS. Barclays increased their target price on shares of Kura Sushi USA from $71.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Wall Street Zen lowered shares of Kura Sushi USA from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. TD Securities reiterated a "hold" rating and issued a $79.00 price objective on shares of Kura Sushi USA in a report on Wednesday, July 9th. Citigroup upped their price objective on shares of Kura Sushi USA from $85.00 to $96.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Finally, Benchmark reiterated a "buy" rating on shares of Kura Sushi USA in a report on Wednesday, July 9th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $93.78.

Kura Sushi USA Stock Performance

Shares of NASDAQ:KRUS traded down $2.35 during trading on Friday, reaching $75.37. The stock had a trading volume of 50,358 shares, compared to its average volume of 275,829. Kura Sushi USA, Inc. has a 1-year low of $40.03 and a 1-year high of $110.66. The stock has a market cap of $911.46 million, a PE ratio of -94.53 and a beta of 1.79. The business has a fifty day moving average price of $81.58 and a 200-day moving average price of $70.47.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.07. Kura Sushi USA had a negative return on equity of 0.49% and a negative net margin of 3.48%.The business had revenue of $73.97 million during the quarter, compared to analysts' expectations of $71.82 million. Kura Sushi USA has set its FY 2025 guidance at EPS. Sell-side analysts expect that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Kura Sushi USA Profile