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

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

Flanigan’s Enterprises Stock Down 4.8 %

Shares of BDL opened at $25.91 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.21 and a current ratio of 1.57. Flanigan’s Enterprises has a fifty-two week low of $24.43 and a fifty-two week high of $34.59.

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

Hedge Funds Weigh In On Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC grew its stake in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 7.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the Securities and Exchange Commission (SEC). 11.03% of the stock is currently owned by institutional investors and hedge funds.

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.