Roth MKM ‘comfortable’ with Kura Sushi’s multiple

Roth MKM keeps a Buy rating and $120 price target on Kura Sushi (KRUS) after its Q1 results. After the stock’s recent run, its multiple is “big”, but the firm is “comfortable” with the valuation given the generally improving comp and margin trends and long-term unit upside, the analyst tells investors in a research note. Kura management also believes the company has sufficient cash to fuel its annual 20% unit growth for the foreseeable future, the firm added.