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Fly News Breaks for January 8, 2020
KRUS
Jan 8, 2020 | 16:28 EDT
Stephens analyst Will Slabaugh reiterated an Overweight rating and $30 price target on Kura Sushi USA following the company's Q1 earnings report and updated fiscal 2020 outlook. Slabaugh said he continues to expect the bulk of profits to come in the second half of 2020 and would note that guidance was reiterated "across the board." The analyst said he is again "pleased" with the positive top-line results and sees the brand as well positioned to continue solid momentum. He added that he remains optimistic in a "long runway" of unit growth due to "strong" early consumer acceptance of the brand and continued success in different geographic regions.
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