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

StockNews.com started coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a research note released on Wednesday morning. The brokerage issued a hold rating on the stock.

Flanigan’s Enterprises Price Performance

NYSEAMERICAN:BDL opened at $25.37 on Wednesday. Flanigan’s Enterprises has a 1-year low of $24.32 and a 1-year high of $29.72. The company has a current ratio of 1.57, a quick ratio of 1.21 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 company had revenue of $49.10 million during the quarter. Flanigan’s Enterprises had a net margin of 1.64% and a return on equity of 4.05%.

Institutional Trading of Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC boosted its stake in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,030 shares of the company’s stock after buying an additional 670 shares during the quarter. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 as of its most recent SEC filing. 11.03% of the stock is currently owned by institutional investors.

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.