Wesbanco Bank Inc. Grows Stake in Kura Sushi USA, Inc. $KRUS

Wesbanco Bank Inc. grew its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 65.6% in the fourth quarter, Holdings Channel reports. The firm owned 30,300 shares of the company’s stock after purchasing an additional 12,000 shares during the period. Wesbanco Bank Inc.’s holdings in Kura Sushi USA were worth $1,586,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Kura Sushi USA by 36.5% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 5,970 shares of the company’s stock valued at $312,000 after purchasing an additional 1,595 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Kura Sushi USA during the 4th quarter valued at $36,000. Nisa Investment Advisors LLC grew its position in Kura Sushi USA by 1,701.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock worth $105,000 after acquiring an additional 1,889 shares in the last quarter. Moody National Bank Trust Division grew its position in Kura Sushi USA by 20.7% in the fourth quarter. Moody National Bank Trust Division now owns 55,621 shares of the company’s stock worth $2,911,000 after acquiring an additional 9,542 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in Kura Sushi USA by 681.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock worth $50,000 after acquiring an additional 736 shares in the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kura Sushi USA in a research report on Friday, April 10th. Zacks Research lowered shares of Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Barclays upped their price target on shares of Kura Sushi USA from $60.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Lake Street Capital restated a “buy” rating on shares of Kura Sushi USA in a research report on Wednesday, April 8th. Finally, Citigroup upped their price target on shares of Kura Sushi USA from $65.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s 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 Trading Up 1.8%

Shares of NASDAQ:KRUS opened at $57.30 on Friday. The company has a market cap of $696.20 million, a price-to-earnings ratio of -358.13 and a beta of 1.33. The company has a 50-day moving average price of $61.60 and a 200-day moving average price of $60.62. Kura Sushi USA, Inc. has a 12 month low of $42.62 and a 12 month high of $95.98.

About Kura Sushi USA

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.