Kura Sushi price target raised to $90 from $80 at Craig-Hallum

Craig-Hallum analyst Jeremy Hamblin raised the firm’s price target on Kura Sushi to $90 from $80 and keeps a Buy rating on the shares. Kura Sushi’s Q1 results were mostly in line with expectations, and featured impressive upside on rest-level margins and cites a raise to FY24 revenue and unit growth guidance as key positives, the analyst tells investors in a research note.