Flanigan’s Enterprises (NYSEAMERICAN:BDL) Coverage Initiated at StockNews.com

Posted by William Tyler on Aug 6th, 2024

StockNews.com initiated coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL – Free Report) in a report released on Friday morning. The firm issued a hold rating on the stock.

Flanigan’s Enterprises Stock Down 1.9 %

BDL stock opened at $26.00 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.56 and a quick ratio of 1.22. Flanigan’s Enterprises has a twelve month low of $24.43 and a twelve month high of $34.59.

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

Flanigan’s Enterprises Cuts Dividend

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC lifted its holdings in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Free Report) by 7.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,460 shares of the company’s stock after buying an additional 875 shares during the period. Empowered Funds LLC owned about 0.67% of Flanigan’s Enterprises worth $319,000 at the end of the most recent reporting period. 11.03% of the stock is owned by institutional investors.

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.