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

Posted by Trevor Kearing on Nov 27th, 2024

StockNews.com began coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL – Free Report) in a research note published on Sunday morning. The brokerage issued a hold rating on the stock.

Flanigan’s Enterprises Trading Down 0.8 %

NYSEAMERICAN BDL opened at $24.75 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 1.21. Flanigan’s Enterprises has a 12 month low of $24.32 and a 12 month high of $29.72.

Institutional Investors Weigh In On Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC increased its position in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Free Report) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. 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 SEC filing. Institutional investors own 11.03% of the company’s stock.

About Flanigan’s Enterprises

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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.