Kura Sushi price target raised to $95 from $82 at Barclays

Barclays raised the firm’s price target on Kura Sushi to $95 from $82 and keeps an Equal Weight rating on the shares following the fiscal Q2 report. The company’s comp accelerated on a two-year basis, and management is “very happy” with March and April trends, effectively overshadowing the earnings shortfall, the analyst tells investors in a research note. The firm says Kura’s fiscal 2024 guide has an uptick in new units, driving an uptick in sales.