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

Equities research analysts at began coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDLGet Free Report) in a report released on Tuesday. The brokerage set a “hold” rating on the stock.

Flanigan’s Enterprises Stock Performance

Shares of Flanigan’s Enterprises stock opened at $26.50 on Tuesday. The company has a market cap of $49.60 million, a PE ratio of 14.02 and a beta of 0.70. Flanigan’s Enterprises has a 1-year low of $24.43 and a 1-year high of $34.59. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.22 and a current ratio of 1.56.

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

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:BDLFree Report) by 7.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 filing with the Securities & Exchange Commission. Institutional investors own 11.03% of the company’s stock.

About Flanigan’s Enterprises

(Get Free Report)

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.

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