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

StockNews.com assumed coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a research note issued to investors on Tuesday morning. The firm issued a hold rating on the stock.

Flanigan’s Enterprises Stock Down 1.0 %

NYSEAMERICAN:BDL opened at $24.50 on Tuesday. Flanigan’s Enterprises has a 1 year low of $24.32 and a 1 year high of $29.72. The company has a quick ratio of 1.21, a current ratio of 1.57 and a debt-to-equity ratio of 0.27.

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

Hedge Funds Weigh In On Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC boosted its holdings in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,030 shares of the company’s stock after acquiring an additional 670 shares during the period. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 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.