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

Stock analysts at began coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDLGet Free Report) in a research report issued on Friday. The brokerage set a “hold” rating on the stock.

Flanigan’s Enterprises Price Performance

BDL opened at $27.51 on Friday. The company has a market cap of $51.17 million, a P/E ratio of 14.56 and a beta of 0.67. Flanigan’s Enterprises has a 1 year low of $24.43 and a 1 year high of $34.59. 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:BDLGet Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $1.04 earnings per share (EPS) for the quarter. Flanigan’s Enterprises had a net margin of 1.94% and a return on equity of 4.70%. The company had revenue of $48.07 million during the quarter.

Institutional Trading of Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC raised its holdings in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDLFree Report) by 7.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,460 shares of the company’s stock after acquiring an additional 875 shares during the period. Empowered Funds LLC owned approximately 0.67% of Flanigan’s Enterprises worth $319,000 as of its most recent SEC filing. Institutional investors and hedge funds own 11.03% of the company’s stock.

About Flanigan’s Enterprises

(Get Free Report)

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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