Wesbanco Bank Inc. Purchases 12,000 Shares of Kura Sushi USA, Inc. $KRUS

Wesbanco Bank Inc. grew its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 65.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,300 shares of the company’s stock after buying an additional 12,000 shares during the quarter. Wesbanco Bank Inc. owned 0.25% of Kura Sushi USA worth $1,586,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Kura Sushi USA during the 2nd quarter worth approximately $29,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Kura Sushi USA in the 4th quarter worth approximately $36,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Kura Sushi USA by 681.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock worth $50,000 after purchasing an additional 736 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Kura Sushi USA by 42.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock worth $82,000 after purchasing an additional 284 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Kura Sushi USA by 95.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock worth $79,000 after purchasing an additional 646 shares during the period. Institutional investors own 65.49% of the company’s stock.

Wall Street Analysts Forecast Growth

KRUS has been the topic of a number of research reports. Zacks Research cut shares of Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Wall Street Zen raised shares of Kura Sushi USA from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Royal Bank Of Canada set a $85.00 price target on shares of Kura Sushi USA in a report on Tuesday, January 20th. Lake Street Capital reissued a “buy” rating on shares of Kura Sushi USA in a report on Wednesday, April 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Kura Sushi USA in a report on Friday, April 10th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $77.00.

Kura Sushi USA Price Performance

Shares of KRUS stock opened at $57.30 on Friday. The company’s fifty day simple moving average is $61.60 and its two-hundred day simple moving average is $60.62. Kura Sushi USA, Inc. has a 1 year low of $42.62 and a 1 year high of $95.98. The stock has a market capitalization of $696.20 million, a price-to-earnings ratio of -358.13 and a beta of 1.33.

Kura Sushi USA Company Profile

Kura Sushi USA, Inc operates Japanese?style revolving sushi restaurants across the United States. The company’s concept centers on delivering a modern sushi dining experience by combining fresh ingredients with automated conveyer belt and plate?return systems. Guests can choose from a broad menu that includes nigiri, sashimi, maki rolls, tempura, udon noodles and chef?inspired seasonal dishes, all served directly from the conveyor belt or ordered on tabletop touchscreens.

Each restaurant integrates patented technology to ensure food quality and operational efficiency.