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

Stock analysts at StockNews.com started coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a research report issued on Saturday. The firm set a “hold” rating on the stock.

Flanigan’s Enterprises Trading Down 1.0 %

NYSEAMERICAN:BDL opened at $26.60 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.21 and a current ratio of 1.57. Flanigan’s Enterprises has a 12-month low of $24.43 and a 12-month high of $34.59.

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

Hedge Funds Weigh In On Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC lifted its position in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 7.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,460 shares of the company’s stock after purchasing an additional 875 shares during the period. Empowered Funds LLC owned 0.67% of Flanigan’s Enterprises worth $319,000 as of its most recent filing with the Securities and Exchange Commission. 11.03% of the stock is currently owned by institutional investors.

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.