StockNews.com Begins Coverage on Flanigan’s Enterprises (NYSEAMERICAN:BDL)

Stock analysts at StockNews.com assumed coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a note issued to investors on Thursday. The firm set a “hold” rating on the stock.

Flanigan’s Enterprises Stock Performance

Flanigan’s Enterprises stock opened at $26.80 on Thursday. Flanigan’s Enterprises has a 1 year low of $24.43 and a 1 year high of $34.59. The company has a quick ratio of 1.22, a current ratio of 1.56 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $49.85 million, a P/E ratio of 14.18 and a beta of 0.67.

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

Institutional Inflows and Outflows

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

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.