Kura Sushi price target lowered to $71 from $116 at Citi

Citi lowered the firm’s price target on Kura Sushi (KRUS) to $71 from $116 and keeps a Neutral rating on the shares. The firm expects fiscal Q2 will be the trough for the company’s fiscal 2025 comp and sales growth as weather events made a challenging sales period even worse. It sees “reason for optimism” that Kura’s underlying sales in the second half of 2025 will improve versus the first half. Longer-term, greater visibility into stable comps and strong box economics that can drive accelerating share gains in the “highly fragmented” U.S. sushi market could push the stock’s multiple above “current muted levels,” the analyst tells investors in a research note.