Kura Sushi price target lowered to $70 from $85 at Roth Capital

Roth Capital lowered the firm's price target on Kura Sushi to $70 from $85 but keeps a Buy rating on the shares after the company's "mixed" Q3 results, with a beat on earnings but a miss on revenue and a top-line guidance cut. Same-store sales comp predictability remains challenging, but Kura Sushi management is focused on cost control and margin preservation, the analyst tells investors in a research note. Kura Sushi remains a market-share taker longer-term and Roth remains positive on its long-term opportunity, though the firm also expects near-term comp unpredictability to weigh on the stock, the analyst added.