StockNews.com initiated coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL – Free Report) in a research note released on Friday morning. The brokerage issued a hold rating on the stock.
Flanigan’s Enterprises Trading Down 0.9 %
Flanigan’s Enterprises stock opened at $26.25 on Friday. 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 has a 1-year low of $24.43 and a 1-year high of $34.59.
Flanigan’s Enterprises (NYSEAMERICAN:BDL – Get Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $1.04 EPS for the quarter. Flanigan’s Enterprises had a net margin of 1.94% and a return on equity of 4.70%. The firm had revenue of $48.07 million for the quarter.
Flanigan’s Enterprises Cuts Dividend
Institutional Investors Weigh In On Flanigan’s Enterprises
An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC boosted its holdings in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Free Report) by 7.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,460 shares of the company’s stock after buying an additional 875 shares during the quarter. Empowered Funds LLC owned 0.67% of Flanigan’s Enterprises worth $319,000 as of its most recent SEC filing. 11.03% of the stock is 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.
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