Short Interest in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Increases By 11.1%

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 1,000 shares, an increase of 11.1% from the September 15th total of 900 shares. Based on an average daily trading volume, of 2,700 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Trading of Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC boosted its holdings in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 7.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter. 11.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Flanigan’s Enterprises in a research report on Sunday. They issued a “hold” rating for the company.

Flanigan’s Enterprises Price Performance

Shares of BDL stock opened at $26.10 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.21 and a debt-to-equity ratio of 0.27. Flanigan’s Enterprises has a 1-year low of $24.43 and a 1-year high of $29.72.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.60 earnings per share (EPS) for the quarter. Flanigan’s Enterprises had a net margin of 1.64% and a return on equity of 4.05%. The company had revenue of $49.10 million for the quarter.

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.