Flanigan’s Enterprises (NYSEAMERICAN:BDL) Receives New Coverage from Analysts at StockNews.com

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

Flanigan’s Enterprises Stock Performance

Shares of Flanigan’s Enterprises stock opened at $27.50 on Wednesday. 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 has a 52-week low of $24.43 and a 52-week high of $34.31.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last posted its quarterly 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 during the quarter. Flanigan’s Enterprises had a net margin of 1.64% and a return on equity of 4.05%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC grew its position in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 7.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and 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 as of its most recent SEC filing. 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.