Cara Operations Ltd (CARA) Trading Up 3.7%
Cara Operations Ltd (TSE:CARA) was up 3.7% on Friday . The company traded as high as C$22.00 and last traded at C$22.00. Approximately 26,702 shares traded hands during trading, a decline of 26% from the average daily volume of 36,329 shares. The stock had previously closed at C$21.21.
Several equities research analysts have commented on CARA shares. Scotiabank dropped their price target on shares of Cara Operations from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 2nd. Royal Bank Of Canada dropped their price target on shares of Cara Operations from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 2nd. Finally, Raymond James Financial, Inc. dropped their price target on shares of Cara Operations from C$28.00 to C$25.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 2nd.
The company has a 50 day moving average of $23.04 and a 200 day moving average of $24.65. The firm has a market cap of $1.31 billion and a PE ratio of 13.55.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 15th were issued a $0.1017 dividend. This represents a $0.41 annualized dividend and a yield of 1.86%. The ex-dividend date was Tuesday, August 29th.
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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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