Kura Sushi USA Inc. (KRUS) PT Lowered to $85 at Benchmark Amid Slowing Traffic

Benchmark analyst Todd Brooks lowered the price target on Kura Sushi USA Inc. (NASDAQ: KRUS) to $85.00 (from $102.00) while maintaining a Buy rating.

The analyst commented, "We are reducing our Price Target to $85 ($102 prior) and removing Kura Sushi (KRUS) from Benchmark’s Best Ideas List. We continue to remain highly constructive on both the concept and the team growing it into the first sushi chain with a truly national footprint in the U.S., and we continue to maintain our Buy rating on KRUS shares. Our reduced PT reflects evidence that we are seeing in the Placer AI traffic data of traffic slowing, both in the recently completed August quarter, as well as QTD. This industry-wide traffic reality is a challenge for high-multiple restaurant stocks like KRUS, despite the company’s unicorn status as a ~20% unit grower with high-teens restaurant level margins. Our $85 PT is based upon a 30x multiple on our newly introduced FY27 (Aug) AEBITDA estimate of $31M."

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