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

StockNews.com started coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a research report released on Tuesday. The brokerage issued a hold rating on the stock.

Flanigan’s Enterprises Price Performance

NYSEAMERICAN BDL opened at $26.00 on Tuesday. Flanigan’s Enterprises has a twelve month low of $24.43 and a twelve month high of $32.65. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 1.21.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.60 earnings per share (EPS) for the quarter. The company 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 Trading of Flanigan’s Enterprises

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

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.