Kura Sushi initiated with a Buy at DA Davidson

As previously reported, DA Davidson analyst Matt Curtis initiated coverage of Kura Sushi (KRUS) with a Buy rating and $90 price target With a tech-enabled restaurant model designed to maximize sales and optimize efficiencies while also providing a highly differentiated and engaging experience for guests, Kura has built a durable, and scalable, competitive advantage in the highly fragmented sushi space, with opportunity to deliver 20%+ unit growth annually, the firm told investors in a research note.