Cara Operations Ltd (TSE:CARA) announced a quarterly dividend on Tuesday, August 29th, TickerTech reports. Investors of record on Friday, September 15th will be given a dividend of 0.1017 per share on Friday, September 15th. This represents a $0.41 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Tuesday, August 29th.

Shares of Cara Operations (CARA) opened at 22.51 on Monday. Cara Operations has a 12-month low of $22.00 and a 12-month high of $30.53. The firm has a market capitalization of $1.35 billion and a price-to-earnings ratio of 13.93. The company’s 50-day moving average price is $23.46 and its 200 day moving average price is $24.86.

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A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada cut their price target on Cara Operations from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a report on Wednesday, August 2nd. Raymond James Financial, Inc. cut their price target on Cara Operations from C$28.00 to C$25.00 and set a “market perform” rating on the stock in a report on Wednesday, August 2nd. Scotiabank cut their price target on Cara Operations from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a report on Wednesday, August 2nd. Finally, CIBC lifted their price target on Cara Operations from C$28.00 to C$29.00 in a report on Monday, May 8th.

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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