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

StockNews.com started coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a research note published on Saturday. The brokerage issued a hold rating on the stock.

Flanigan’s Enterprises Stock Performance

NYSEAMERICAN:BDL opened at $26.07 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 1-year low of $24.43 and a 1-year high of $29.72.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC boosted its stake in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 7.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,460 shares of the company’s stock after purchasing an additional 875 shares during the quarter. Empowered Funds LLC owned approximately 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.

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.