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

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the target of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 3,700 shares, a growth of 54.2% from the July 31st total of 2,400 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average trading volume of 3,500 shares, the days-to-cover ratio is currently 1.1 days.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Flanigan’s Enterprises in a research note on Monday. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC grew its position in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 7.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,460 shares of the company’s stock after purchasing an additional 875 shares during the period. Empowered Funds LLC owned 0.67% of Flanigan’s Enterprises worth $319,000 at the end of the most recent quarter. Institutional investors own 11.03% of the company’s stock.

Flanigan’s Enterprises Stock Performance

Shares of BDL traded up $0.26 during trading hours on Thursday, reaching $25.60. The company had a trading volume of 657 shares, compared to its average volume of 3,141. 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 12-month low of $24.43 and a 12-month high of $34.59.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last posted its earnings results on Tuesday, August 13th. The company reported $0.60 earnings per share 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 $49.10 million during the quarter.

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.