Flanigan’s Enterprises (NYSEAMERICAN:BDL) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the stock.

Flanigan’s Enterprises Stock Up 2.9 %

Shares of BDL opened at $26.90 on Friday. Flanigan’s Enterprises has a 52-week low of $24.43 and a 52-week high of $34.59. The firm has a market cap of $50.03 million, a price-to-earnings ratio of 14.23 and a beta of 0.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.22 and a current ratio of 1.56.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last released its earnings results on Tuesday, May 14th. The company reported $1.04 earnings per share for the quarter. The business had revenue of $48.07 million for the quarter. Flanigan’s Enterprises had a net margin of 1.94% and a return on equity of 4.70%.

Institutional Trading of Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC grew its position in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 7.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,460 shares of the company’s stock after buying an additional 875 shares during the quarter. Empowered Funds LLC owned 0.67% of Flanigan’s Enterprises worth $319,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 11.03% of the company’s stock.

About Flanigan’s Enterprises

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.