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Fly News Breaks for August 26, 2019
KRUS
Aug 26, 2019 | 07:13 EDT
BTIG analyst Peter Saleh initiated Kura Sushi with a Buy rating and a price target of $30, citing the company's "high sales volume", "impressive" unit metrics, and "significant" unit growth potential. The analyst also contends that Kura Sushi's sales productivity is among the highest in the industry while its concept appears to be resonating well with consumers. Saleh adds that the company's higher focus on off-premises and alcohol will help it broaden its geographic presence and to increase unit volumes.
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