William Blair analyst Sharon Zackfia has reiterated their bullish stance on KRUS stock, giving a Buy rating on July 9.
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Sharon Zackfia’s rating is based on several compelling factors that highlight Kura Sushi USA’s growth potential and strategic advantages. The company’s tech-enabled format and proprietary algorithms have optimized its operations, leading to low disposal rates and enhanced per-unit sales. This efficiency allows Kura to reinvest in product quality and maintain competitive pricing, which management estimates to be significantly lower than competitors.
Additionally, Kura’s geographic expansion demonstrates strong potential, with successful operations in diverse states and promising performance in smaller markets like Bakersfield, California. This success suggests an opportunity to expand to at least 500 locations, far exceeding its initial target. The strategic focus on balancing new market entries with existing ones could transform previous challenges into growth opportunities, supporting the company’s long-term development trajectory.
In another report released on July 9, Benchmark Co. also maintained a Buy rating on the stock with a $102.00 price target.