Kura Sushi price target raised to $106 from $89 at Roth Capital

Roth Capital raised the firm’s price target on Kura Sushi (KRUS) to $106 from $89 and keeps a Buy rating on the shares. Given the favorable comp outlook, improving restaurant-level margin, and continued 20% annual unit growth, the firm expects the stock to grind higher, the analyst tells investors in a research note. Comps improved sequentially throughout the quarter with May turning positive, benefitting from an IP collab and the reservation platform, Roth added.