StockNews.com Initiates Coverage on Flanigan’s Enterprises (NYSEAMERICAN:BDL)

Investment analysts at StockNews.com assumed coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a research note issued on Friday. The brokerage set a “hold” rating on the stock.

Flanigan’s Enterprises Stock Performance

Shares of BDL opened at $25.91 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 quick ratio of 1.21, a current ratio of 1.57 and a debt-to-equity ratio of 0.27.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.60 EPS for the quarter. The firm had revenue of $49.10 million for 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 lifted its position in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 7.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 12,460 shares of the company’s stock after purchasing an additional 875 shares during the quarter. Empowered Funds LLC owned 0.67% of Flanigan’s Enterprises worth $319,000 at the end of the most recent reporting period. 11.03% of the stock is currently owned by institutional investors.

About Flanigan’s Enterprises

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.