Flanigan’s Enterprises (NYSEAMERICAN:BDL) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a research note issued on Saturday. The firm set a “hold” rating on the stock.

Flanigan’s Enterprises Trading Down 0.2 %

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

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC lifted its stake in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 7.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,460 shares of the company’s stock after purchasing an additional 875 shares during the period. Empowered Funds LLC owned 0.67% of Flanigan’s Enterprises worth $319,000 at the end of the most recent quarter. Hedge funds and other 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.