Flanigan’s Enterprises (NYSEAMERICAN:BDL) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a research note issued to investors on Saturday. The brokerage issued a hold rating on the stock.

Flanigan’s Enterprises Stock Performance

Shares of BDL opened at $26.07 on Friday. Flanigan’s Enterprises has a 12 month low of $24.43 and a 12 month high of $29.72. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.21 and a current ratio of 1.57.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.60 EPS for the quarter. The firm had revenue of $49.10 million during the quarter. Flanigan’s Enterprises had a net margin of 1.64% and a return on equity of 4.05%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC boosted its stake in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 7.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,460 shares of the company’s stock after acquiring an additional 875 shares during the quarter. Empowered Funds LLC owned 0.67% of Flanigan’s Enterprises worth $319,000 at the end of the most recent reporting period. 11.03% of the stock is owned by hedge funds and other institutional investors.

Flanigan’s Enterprises Company Profile

Flanigan’s Enterprises, Inc, together with its subsidiaries, operates a chain of full-service restaurants and package liquor stores in South Florida. The company operates in two segments, Package Stores and Restaurants. It operates package liquor stores under the Big Daddy’s Liquors name, which offer private label liquors, beer, and wines; and restaurants under the Flanigan’s Seafood Bar and Grill service mark that provide alcoholic beverages and full food services.