Kura Sushi price target raised to $90 from $65 at Roth MKM

Roth MKM analyst George Kelly raised the firm’s price target on Kura Sushi to $90 from $65 and keeps a Buy rating on the shares. The analyst cites the company’s Q2 earnings beat, with 7.4% comp growth and a "significant" sequential margin expansion. Roth MKM added that Kura’s strong new unit openings gives the firm more confidence in its management’s pre-COVID 300 unit target, which would be up from 45 currently. The firm also believes that the continuous unit-level improvements should drive long-term AUV and margin expansion for Kura Sushi.