Cara Operations Ltd (CARA) Declares $0.10 Quarterly Dividend
Cara Operations Ltd (TSE:CARA) announced a quarterly dividend on Friday, November 3rd, Zacks reports. Investors of record on Thursday, November 30th will be given a dividend of 0.102 per share on Friday, December 15th. This represents a $0.41 annualized dividend and a yield of 1.65%. The ex-dividend date is Wednesday, November 29th.
Shares of Cara Operations (CARA) opened at C$24.75 on Friday. Cara Operations has a twelve month low of C$21.20 and a twelve month high of C$27.47.
Several research analysts have recently weighed in on CARA shares. Scotiabank lowered their target price 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. Raymond James Financial, Inc. lowered their target price 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. Royal Bank Of Canada lowered their target price 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. BMO Capital Markets set a C$25.00 target price on Cara Operations and gave the stock a “market perform” rating in a report on Tuesday, November 7th. Finally, CIBC decreased their price objective on Cara Operations from C$26.00 to C$24.00 in a report on Tuesday, November 7th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Cara Operations currently has a consensus rating of “Hold” and an average price target of C$27.42.
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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