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

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

Flanigan’s Enterprises Stock Performance

Flanigan’s Enterprises stock opened at $24.60 on Friday. 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 fifty-two week low of $23.94 and a fifty-two week high of $29.72.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC raised its stake in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,030 shares of the company’s stock after buying an additional 670 shares during the period. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 at the end of the most recent reporting period. 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.