Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Get Free Report) saw a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 3,700 shares, a growth of 54.2% from the July 31st total of 2,400 shares. Based on an average trading volume of 3,500 shares, the short-interest ratio is presently 1.1 days. Approximately 0.7% of the shares of the stock are sold short.
Institutional Trading of Flanigan’s Enterprises
A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC lifted its stake in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Free Report) 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. Institutional investors own 11.03% of the company’s stock.
Flanigan’s Enterprises Stock Performance
Shares of BDL remained flat at $25.60 during trading hours on Friday. The stock had a trading volume of 391 shares, compared to its average volume of 3,141. The company has a quick ratio of 1.22, a current ratio of 1.56 and a debt-to-equity ratio of 0.28. Flanigan’s Enterprises has a 52 week low of $24.43 and a 52 week high of $34.59.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on shares of Flanigan’s Enterprises in a research report on Monday, August 26th. They issued a “hold” rating on the stock.
Read Our Latest Analysis on BDL
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.
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