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

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

Flanigan’s Enterprises Trading Up 0.7 %

Shares of BDL stock opened at $24.82 on Tuesday. Flanigan’s Enterprises has a fifty-two week low of $23.94 and a fifty-two week high of $29.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 1.21.

Hedge Funds Weigh In On Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC increased its stake in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm 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. 11.03% of the stock is currently owned by institutional investors and hedge funds.

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.