Cara Operations Ltd (TSE:CARA) has earned an average rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$27.42.
CARA has been the subject of several research reports. BMO Capital Markets set a C$25.00 price objective on shares of Cara Operations and gave the company a “market perform” rating in a research report on Tuesday, November 7th. Scotiabank lowered their price objective on shares of Cara Operations from C$32.00 to C$31.00 and set an “outperform” rating for the company in a research report on Thursday, September 28th. Raymond James Financial raised their price objective on shares of Cara Operations from C$25.00 to C$26.00 and gave the company a “market perform” rating in a research report on Tuesday, November 7th. Finally, CIBC lowered their price objective on shares of Cara Operations from C$26.00 to C$24.00 in a research report on Tuesday, November 7th.
Shares of Cara Operations (TSE CARA) opened at C$25.95 on Wednesday. The firm has a market cap of $1,540.00 and a PE ratio of 15.63. Cara Operations has a 1 year low of C$21.20 and a 1 year high of C$27.47.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were given a dividend of $0.102 per share. This represents a $0.41 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Wednesday, November 29th. Cara Operations’s dividend payout ratio is 24.50%.
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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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