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

StockNews.com began coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a research report sent to investors on Saturday morning. The firm issued a hold rating on the stock.

Flanigan’s Enterprises Price Performance

BDL opened at $24.75 on Friday. Flanigan’s Enterprises has a 12-month low of $24.32 and a 12-month high of $29.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 1.21.

Hedge Funds Weigh In On Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC boosted its holdings in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,030 shares of the company’s stock after acquiring an additional 670 shares during the quarter. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 at the end of the most recent quarter. Institutional investors and hedge funds own 11.03% of the company’s stock.

Flanigan’s Enterprises Company Profile

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.