Flanigan’s Enterprises (NYSEAMERICAN:BDL) Earns Hold Rating from Analysts at StockNews.com

Posted by Jeff Wilder on Aug 5th, 2024

StockNews.com started coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL – Free Report) in a research report sent to investors on Friday morning. The firm issued a hold rating on the stock.

Flanigan’s Enterprises Stock Performance

Shares of BDL stock opened at $26.50 on Friday. Flanigan’s Enterprises has a 52-week low of $24.43 and a 52-week high of $34.59. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.56 and a quick ratio of 1.22.

Flanigan’s Enterprises (NYSEAMERICAN:BDL – Get Free Report) last released its quarterly earnings data on Tuesday, May 14th. The company reported $1.04 EPS for the quarter. Flanigan’s Enterprises had a net margin of 1.94% and a return on equity of 4.70%. The business had revenue of $48.07 million during the quarter.

Flanigan’s Enterprises Cuts Dividend

The company also recently announced an annual dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a dividend yield of 1.8%. Flanigan’s Enterprises’s payout ratio is 26.46%.

Institutional Trading of Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC boosted its stake in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Free Report) by 7.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,460 shares of the company’s stock after purchasing an additional 875 shares during the quarter. Empowered Funds LLC owned about 0.67% of Flanigan’s Enterprises worth $319,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 11.03% of the company’s stock.

Flanigan’s Enterprises Company Profile

(Get Free Report)

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.