Flanigan’s Enterprises (NYSEAMERICAN:BDL) Coverage Initiated by Analysts at StockNews.com

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

Flanigan’s Enterprises Trading Up 9.8 %

BDL opened at $28.84 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. Flanigan’s Enterprises has a twelve month low of $24.43 and a twelve month high of $34.59.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.60 EPS for the quarter. The company had revenue of $49.10 million for 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

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC increased its holdings in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 7.6% in the first quarter, according to its most recent 13F filing with the SEC. 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 approximately 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.

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.