Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Sees Large Decline in Short Interest

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) saw a large drop in short interest in September. As of September 15th, there was short interest totalling 900 shares, a drop of 30.8% from the August 31st total of 1,300 shares. Based on an average daily volume of 3,100 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Flanigan’s Enterprises in a research note on Wednesday. They set a “hold” rating on the stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC increased its position in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 7.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,460 shares of the company’s stock after buying an additional 875 shares during the quarter. Empowered Funds LLC owned about 0.67% of Flanigan’s Enterprises worth $319,000 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 Price Performance

NYSEAMERICAN BDL remained flat at $27.50 during trading hours on Friday. 162 shares of the company traded hands, compared to its average volume of 1,724. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 1.21. Flanigan’s Enterprises has a one year low of $24.43 and a one year high of $34.31.

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 return on equity of 4.05% and a net margin of 1.64%. The business had revenue of $49.10 million during 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.