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

Wesbanco Bank Inc. bought a new stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 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 filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of KRUS. Arcadia Investment Management Corp MI bought a new position in Kura Sushi USA in the 4th quarter valued at about $31,000. Quantbot Technologies LP acquired a new position in shares of Kura Sushi USA during the 4th quarter worth approximately $61,000. BNP Paribas Financial Markets acquired a new position in shares of Kura Sushi USA during the 4th quarter worth approximately $77,000. KLP Kapitalforvaltning AS acquired a new position in shares of Kura Sushi USA during the 4th quarter worth approximately $109,000. Finally, US Bancorp DE grew its position in shares of Kura Sushi USA by 43.5% during the 4th quarter. US Bancorp DE now owns 1,805 shares of the company's stock worth $163,000 after purchasing an additional 547 shares in the last quarter. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Stock Performance

KRUS traded down $2.55 during midday trading on Friday, reaching $78.21. The company had a trading volume of 330,136 shares, compared to its average volume of 225,539. Kura Sushi USA, Inc. has a 12-month low of $40.03 and a 12-month high of $110.66. The stock has a market cap of $945.17 million, a PE ratio of -115.01 and a beta of 1.61. The business has a 50-day moving average price of $63.15 and a two-hundred day moving average price of $72.55.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its 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 business had revenue of $64.89 million for the quarter, compared to the consensus estimate of $66.30 million. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. During the same period in the prior year, the business posted ($0.09) EPS. On average, research analysts anticipate that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. TD Securities restated a "hold" rating and set a $72.00 target price on shares of Kura Sushi USA in a research report on Friday, April 4th. Citigroup cut their target price on shares of Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. William Blair reaffirmed an "outperform" rating on shares of Kura Sushi USA in a research note on Wednesday, April 9th. Lake Street Capital decreased their price target on shares of Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Benchmark decreased their price target on shares of Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $77.20.

About Kura Sushi USA