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

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

Flanigan’s Enterprises Stock Up 0.4 %

BDL opened at $24.94 on Friday. Flanigan’s Enterprises has a twelve month low of $24.32 and a twelve 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.

Institutional Trading of Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC boosted its holdings in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,030 shares of the company’s stock after purchasing an additional 670 shares during the period. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 at the end of the most recent reporting period. 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.