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

StockNews.com began coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDLFree Report) in a report released on Saturday morning. The firm issued a hold rating on the stock.

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

Get Our Latest Stock Report on Flanigan’s Enterprises

Flanigan’s Enterprises Stock Performance

Shares of NYSEAMERICAN BDL opened at $26.37 on Friday. Flanigan’s Enterprises has a one year low of $24.80 and a one year high of $34.59. The stock has a market cap of $49.05 million, a price-to-earnings ratio of 12.27 and a beta of 0.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.58 and a quick ratio of 1.26.

Flanigan’s Enterprises (NYSEAMERICAN:BDLGet Free Report) last posted its quarterly earnings results on Friday, December 29th. The company reported ($0.07) earnings per share for the quarter. Flanigan’s Enterprises had a return on equity of 5.36% and a net margin of 2.29%. The firm had revenue of $43.36 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its position in Flanigan’s Enterprises by 305.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 856 shares of the company’s stock worth $26,000 after buying an additional 645 shares during the period. UBS Group AG grew its holdings in shares of Flanigan’s Enterprises by 135.9% during the 3rd quarter. UBS Group AG now owns 1,031 shares of the company’s stock worth $26,000 after purchasing an additional 594 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Flanigan’s Enterprises by 41.1% during the 2nd quarter. BlackRock Inc. now owns 3,033 shares of the company’s stock worth $93,000 after purchasing an additional 884 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of Flanigan’s Enterprises during the 2nd quarter worth approximately $114,000. Finally, Royal Bank of Canada grew its holdings in shares of Flanigan’s Enterprises by 11.4% during the 3rd quarter. Royal Bank of Canada now owns 4,900 shares of the company’s stock worth $125,000 after purchasing an additional 500 shares in the last quarter. 11.62% of the stock is owned by institutional investors.

Flanigan’s Enterprises Company Profile

(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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