Flanigan’s Enterprises (NYSEAMERICAN:BDL) Now Covered by StockNews.com

Posted by William Tyler on Aug 18th, 2024

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

Flanigan’s Enterprises Stock Down 0.4 %

NYSEAMERICAN BDL opened at $25.00 on Wednesday. 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 52-week low of $24.43 and a 52-week high of $34.59.

Flanigan’s Enterprises Cuts Dividend

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

Institutional Trading of Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC increased its holdings in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Free Report) by 7.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 11.03% of the company’s stock.

Flanigan’s Enterprises Company Profile

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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.