Flanigan’s Enterprises (NYSEAMERICAN:BDL) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a research note published on Saturday morning. The firm issued a hold rating on the stock.

Separately, TheStreet cut Flanigan’s Enterprises from a b- rating to a c rating in a report on Monday, January 8th.

Flanigan’s Enterprises Price Performance

NYSEAMERICAN:BDL opened at $26.79 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.49 and a quick ratio of 1.17. The stock has a market capitalization of $49.83 million, a P/E ratio of 14.33 and a beta of 0.67. 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 Wednesday, February 14th. The company reported $0.06 EPS for the quarter. Flanigan’s Enterprises had a return on equity of 4.65% and a net margin of 1.96%. The business had revenue of $45.14 million during the quarter.

Institutional Trading of Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC boosted its position in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 7.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,460 shares of the company’s stock after purchasing an additional 875 shares during the period. Empowered Funds LLC owned about 0.67% of Flanigan’s Enterprises worth $319,000 at the end of the most recent reporting period. Institutional investors 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.