Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Sees Large Increase in Short Interest

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 3,200 shares, a growth of 45.5% from the January 15th total of 2,200 shares. Based on an average daily trading volume, of 2,500 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.6% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Flanigan’s Enterprises in a research note on Saturday, January 11th. They set a “hold” rating on the stock.

Institutional Trading of Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC raised its stake in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,030 shares of the company’s stock after acquiring 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 filing with the Securities & Exchange Commission. 11.03% of the stock is currently owned by hedge funds and other institutional investors.

Flanigan’s Enterprises Stock Down 1.1 %

Shares of BDL stock opened at $24.97 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.58 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $46.44 million, a price-to-earnings ratio of 13.87 and a beta of 0.68. Flanigan’s Enterprises has a 52-week low of $23.94 and a 52-week high of $29.72.

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.