Cara Operations Ltd (CARA) Price Target Cut to C$25.00 by Analysts at Raymond James Financial, Inc.
Cara Operations Ltd (TSE:CARA) had its target price lowered by Raymond James Financial, Inc. from C$28.00 to C$25.00 in a report released on Wednesday. Raymond James Financial, Inc. currently has a market perform rating on the stock.
Several other research analysts also recently weighed in on the stock. Scotiabank upped their target price on shares of Cara Operations from C$33.00 to C$34.00 and gave the company an outperform rating in a research note on Monday, May 8th. CIBC upped their target price on shares of 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 shares of 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) remained flat at $22.50 during trading on Wednesday. The company had a trading volume of 45,559 shares. The firm has a market cap of $1.35 billion and a P/E ratio of 13.31. Cara Operations has a 52 week low of $22.50 and a 52 week high of $30.97. The stock’s 50 day moving average is $23.72 and its 200-day moving average is $25.25.
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The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 15th will be issued a $0.1017 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.41 annualized dividend and a yield of 1.81%.
About Cara Operations
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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