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Tim Hortons (NYSE:THI) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Monday, AnalystRatingsNetwork.com reports. They currently have a $50.30 target price on the stock. Zacks‘ price objective suggests a potential downside of 3.88% from the company’s current price.

Shares of Tim Hortons (NYSE:THI) traded up 0.25% during mid-day trading on Monday, hitting $52.46. The stock had a trading volume of 318,975 shares. Tim Hortons has a 1-year low of $47.99 and a 1-year high of $61.46. The stock’s 50-day moving average is $53.58 and its 200-day moving average is $56.99. The company has a market cap of $7.414 billion and a P/E ratio of 18.21.

Tim Hortons (NYSE:THI) last released its earnings data on Thursday, February 20th. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.03. Analysts expect that Tim Hortons will post $3.27 EPS for the current fiscal year.

The company also recently announced a dividend, which is scheduled for Tuesday, March 18th. Investors of record on Monday, March 3rd will be paid a dividend of $0.2891 per share. The ex-dividend date is Thursday, February 27th.

Several other analysts have also recently commented on the stock. Analysts at Credit Suisse downgraded shares of Tim Hortons from a “neutral” rating to an “underperform” rating in a research note on Friday. Separately, analysts at Raymond James upgraded shares of Tim Hortons from a “market perform” rating to an “outperform” rating in a research note on Friday. Finally, analysts at Miller Tabak initiated coverage on shares of Tim Hortons in a research note on Friday, February 14th. They set a “buy” rating and a $62.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $63.25.

Tim Hortons Inc is a quick service restaurant chain in North America. The Company’s menu includes coffee, espresso-based hot and cold specialty drinks, including lattes, cappuccinos and espresso shots, specialty teas, fruit smoothies, home-style soups, fresh sandwiches, wraps, hot breakfast sandwiches and fresh baked goods, including its trademark donuts.

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