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Tim Hortons (NYSE:THI) was downgraded by analysts at Raymond James to a “market perform” rating in a research report issued to clients and investors on Wednesday.

Tim Hortons (NYSE:THI) opened at 81.05 on Wednesday. Tim Hortons has a 1-year low of $50.67 and a 1-year high of $82.16. The stock’s 50-day moving average is $59.01 and its 200-day moving average is $55.69. The company has a market cap of $10.765 billion and a price-to-earnings ratio of 27.12. Tim Hortons also saw some unusual options trading activity on Tuesday. Stock traders bought 5,309 put options on the company. This represents an increase of approximately 1,185% compared to the typical volume of 413 put options.

Tim Hortons (NYSE:THI) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.92 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.86 by $0.06. The company had revenue of $874.30 million for the quarter, compared to the consensus estimate of $840.50 million. During the same quarter last year, the company posted $0.81 earnings per share. Tim Hortons’s revenue was up 9.3% compared to the same quarter last year. Analysts expect that Tim Hortons will post $3.30 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Investors of record on Monday, August 18th will be given a dividend of $0.2935 per share. This represents a $1.17 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, August 14th.

THI has been the subject of a number of other recent research reports. Analysts at Miller Tabak & Co. downgraded shares of Tim Hortons from a “buy” rating to a “hold” rating in a research note on Tuesday. Separately, analysts at Miller Tabak downgraded shares of Tim Hortons from a “buy” rating to a “hold” rating in a research note on Tuesday. They now have a $81.00 price target on the stock, up previously from $65.00. Finally, analysts at Desjardins downgraded shares of Tim Hortons from a “buy” rating to a “hold” rating in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $76.00.

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

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