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

StockNews.com began coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a report issued on Thursday morning. The brokerage issued a hold rating on the stock.

Flanigan’s Enterprises Trading Up 9.8 %

NYSEAMERICAN BDL opened at $28.84 on Thursday. Flanigan’s Enterprises has a 52 week low of $24.43 and a 52 week high of $34.59. The company has a current ratio of 1.57, a quick ratio of 1.21 and a debt-to-equity ratio of 0.27.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last released its earnings results on Tuesday, August 13th. The company reported $0.60 EPS for the quarter. The company had revenue of $49.10 million during the quarter. Flanigan’s Enterprises had a return on equity of 4.05% and a net margin of 1.64%.

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 stake in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 7.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,460 shares of the company’s stock after purchasing an additional 875 shares during the period. Empowered Funds LLC owned approximately 0.67% of Flanigan’s Enterprises worth $319,000 as of its most recent SEC filing. 11.03% of the stock is currently owned by institutional investors.

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.