Wesbanco Bank Inc. Makes New $1.24 Million Investment in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Wesbanco Bank Inc. purchased a new stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,300 shares of the company's stock, valued at approximately $1,244,000. Wesbanco Bank Inc. owned 0.20% of Kura Sushi USA as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in Kura Sushi USA in the 4th quarter valued at $750,000. Rhumbline Advisers raised its position in Kura Sushi USA by 70.0% in the fourth quarter. Rhumbline Advisers now owns 13,521 shares of the company's stock valued at $1,225,000 after purchasing an additional 5,567 shares during the last quarter. Moody National Bank Trust Division boosted its position in Kura Sushi USA by 21.9% during the 1st quarter. Moody National Bank Trust Division now owns 28,110 shares of the company's stock worth $1,439,000 after buying an additional 5,043 shares during the period. King Luther Capital Management Corp grew its position in shares of Kura Sushi USA by 113.1% in the 4th quarter. King Luther Capital Management Corp now owns 38,497 shares of the company's stock valued at $3,487,000 after buying an additional 20,432 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Kura Sushi USA by 108.5% in the 4th quarter. Sei Investments Co. now owns 49,094 shares of the company's stock valued at $4,447,000 after purchasing an additional 25,550 shares during the last quarter. Institutional investors own 65.49% of the company's stock.

Kura Sushi USA Stock Performance

Shares of KRUS traded down $2.98 during midday trading on Tuesday, hitting $78.28. The company had a trading volume of 362,933 shares, compared to its average volume of 223,964. The firm has a market capitalization of $946.01 million, a P/E ratio of -115.12 and a beta of 1.61. The company's 50-day simple moving average is $61.02 and its 200-day simple moving average is $72.62. Kura Sushi USA, Inc. has a 1 year low of $40.03 and a 1 year high of $110.66.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its quarterly earnings results on Tuesday, April 8th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The firm had revenue of $64.89 million for the quarter, compared to analyst estimates of $66.30 million. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. During the same period last year, the firm earned ($0.09) EPS. Equities analysts predict that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KRUS has been the subject of a number of analyst reports. TD Securities reiterated a "hold" rating and set a $72.00 price objective on shares of Kura Sushi USA in a report on Friday, April 4th. William Blair reiterated an "outperform" rating on shares of Kura Sushi USA in a research note on Wednesday, April 9th. TD Cowen assumed coverage on Kura Sushi USA in a report on Tuesday, February 25th. They set a "hold" rating and a $72.00 price objective on the stock. Citigroup dropped their price target on Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Finally, Barclays cut their price objective on shares of Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Kura Sushi USA presently has an average rating of "Moderate Buy" and a consensus price target of $77.20.

Kura Sushi USA Profile