Kura Sushi USA Inc. (KRUS) PT Raised to $95 at Barclays
(Updated - April 5, 2024 7:42 AM EDT)
Barclays analyst Jeffrey Bernstein raised the price target on Kura Sushi USA Inc. (NASDAQ: KRUS) to $95.00 (from $82.00) while maintaining a Equalweight rating.
The analyst comments "2QF24 comp accelerated on a two-year basis, and management "very happy" with March & April QTD, effectively overshadowing the earnings shortfall. Looking ahead, F24 guide has an uptick in new units, driving an uptick in sales. And modest pricing is enough to support margin expansion with easing inflation and G&A leverage."