Cara Operations Ltd (TSE:CARA) PT Lowered to C$32.00
Cara Operations Ltd (TSE:CARA) had its price target trimmed by Scotiabank from C$34.00 to C$32.00 in a report released on Wednesday, August 2nd. The brokerage currently has an outperform rating on the stock.
Several other equities analysts also recently weighed in on the company. Raymond James Financial, Inc. set a C$30.00 target price on Cara Operations and gave the company a market perform rating in a research report on Friday, April 28th. CIBC lifted their price objective on Cara Operations from C$28.00 to C$29.00 in a research note on Monday, May 8th. Finally, Royal Bank Of Canada decreased their target price on Cara Operations from C$32.00 to C$31.00 and set an outperform rating for the company in a research note on Monday, May 8th.
Cara Operations (TSE:CARA) traded up 1.10% during mid-day trading on Wednesday, reaching $23.85. 34,948 shares of the company were exchanged. Cara Operations has a 1-year low of $22.00 and a 1-year high of $30.97. The stock’s 50-day moving average price is $23.62 and its 200-day moving average price is $25.09. The stock has a market capitalization of $1.43 billion and a price-to-earnings ratio of 14.76.
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The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 15th will be issued a $0.1017 dividend. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, August 29th.
Cara Operations Company Profile
Cara Operations Limited operates and franchises full service restaurants. It operates through four segments: Corporate Restaurants, Franchise Restaurants, Food Processing and Distribution, and Central Operations. As of December 25, 2016, the company operated 1,237 restaurants, including 1,183 restaurants in Canada and 54 locations internationally under the Swiss Chalet, Harvey's, St-Hubert, Milestones, Montana's, Kelsey's, East Side Mario's, Casey's, New York Fries, Prime Pubs, Original Joe's, State & Main, Elephant & Castle, Bier Markt, and Landing brand names.
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