Investment Analysts’ Recent Ratings Updates for Flanigan’s Enterprises (BDL)

Several brokerages have updated their recommendations and price targets on shares of Flanigan’s Enterprises (NYSEAMERICAN: BDL) in the last few weeks:

• 7/9/2024 – Flanigan’s Enterprises is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 7/3/2024 – Flanigan’s Enterprises is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 6/27/2024 – Flanigan’s Enterprises is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 6/21/2024 – Flanigan’s Enterprises is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 6/15/2024 – Flanigan’s Enterprises is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 6/9/2024 – Flanigan’s Enterprises is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 6/3/2024 – Flanigan’s Enterprises is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 5/28/2024 – Flanigan’s Enterprises is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 5/22/2024 – Flanigan’s Enterprises is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 5/16/2024 – Flanigan’s Enterprises is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

Flanigan’s Enterprises Stock Up 0.1 %

BDL traded up $0.02 during trading on Thursday, reaching $26.60. 597 shares of the stock were exchanged, compared to its average volume of 2,667. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.22 and a current ratio of 1.56. The company has a market cap of $49.60 million, a price-to-earnings ratio of 14.07 and a beta of 0.70. Flanigan’s Enterprises, Inc. has a 1 year low of $24.43 and a 1 year high of $34.59.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last announced its earnings results on Tuesday, May 14th. The company reported $1.04 earnings per share (EPS) for the quarter. The company had revenue of $48.07 million during the quarter. Flanigan’s Enterprises had a net margin of 1.94% and a return on equity of 4.70%.

Flanigan’s Enterprises Cuts Dividend

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

Institutional Investors Weigh In On Flanigan’s Enterprises

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

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.