Fly News Breaks for January 9, 2020
Jan 9, 2020 | 09:14 EDT
Stephens analyst Will Slabaugh said Kura Sushi's "impressive" momentum continued in its fiscal first quarter as its same-store sales growth of 7.9% beat his 3% growth forecast. The analyst, who is "pleased" with the strong consumer acceptance seen across geographies, views it as "insignificant" that profitability was light in the seasonally soft quarter, he added. Slabaugh raised his price target on Kura shares to $33 from $30 and keeps an Overweight rating on the stock.
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