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

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

Flanigan’s Enterprises Stock Up 0.2 %

BDL opened at $27.96 on Wednesday. Flanigan’s Enterprises has a fifty-two week low of $24.43 and a fifty-two week 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. The stock has a market cap of $52.01 million, a PE ratio of 14.79 and a beta of 0.67.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last posted its quarterly earnings results on Tuesday, May 14th. The company reported $1.04 earnings per share for the quarter. Flanigan’s Enterprises had a return on equity of 4.70% and a net margin of 1.94%. The company had revenue of $48.07 million during the quarter.

Institutional Investors Weigh In On Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC increased its stake in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 7.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 12,460 shares of the company’s stock after purchasing an additional 875 shares during the quarter. Empowered Funds LLC owned approximately 0.67% of Flanigan’s Enterprises worth $319,000 at the end of the most recent reporting period. 11.03% of the stock is currently owned by institutional investors.

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.