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

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

Flanigan’s Enterprises Price Performance

Shares of BDL opened at $27.51 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.22 and a debt-to-equity ratio of 0.28. Flanigan’s Enterprises has a 52 week low of $24.43 and a 52 week high of $34.59. The company has a market capitalization of $51.17 million, a PE ratio of 14.56 and a beta of 0.67.

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

Flanigan’s Enterprises Cuts Dividend

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

Institutional Trading of Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC increased its position in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 7.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,460 shares of the company’s stock after acquiring 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 currently owned by hedge funds and other institutional investors.

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.