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

Equities research analysts at StockNews.com began coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the stock.

Flanigan’s Enterprises Price Performance

Shares of BDL stock opened at $24.75 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 1.21. Flanigan’s Enterprises has a 12-month low of $23.94 and a 12-month high of $29.72.

Hedge Funds Weigh In On Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC grew its holdings in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,030 shares of the company’s stock after purchasing an additional 670 shares during the period. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 as of its most recent SEC filing. 11.03% of the stock is owned by institutional investors.

Flanigan’s Enterprises Company Profile

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.