Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Short Interest Update

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 700 shares, an increase of 40.0% from the June 15th total of 500 shares. Based on an average daily volume of 2,100 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Flanigan’s Enterprises Stock Down 2.5 %

Shares of Flanigan’s Enterprises stock traded down $0.66 during trading hours on Monday, hitting $26.02. The company’s stock had a trading volume of 3,150 shares, compared to its average volume of 2,648. Flanigan’s Enterprises has a 12 month low of $24.43 and a 12 month high of $34.59. The company has a market capitalization of $49.59 million, a P/E ratio of 13.77 and a beta of 0.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.56 and a quick ratio of 1.22.

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

Flanigan’s Enterprises Cuts Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, June 14th. This represents a dividend yield of 1.8%. Flanigan’s Enterprises’s payout ratio is presently 26.46%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Flanigan’s Enterprises in a research report on Monday. They issued a “hold” rating on the stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC lifted its holdings in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 7.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,460 shares of the company’s stock after acquiring an additional 875 shares during the quarter. Empowered Funds LLC owned approximately 0.67% of Flanigan’s Enterprises worth $319,000 as of its most recent SEC filing. 11.03% of the stock is currently owned by institutional investors and hedge funds.

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.