Flanigan’s Enterprises (NYSEAMERICAN:BDL) Now Covered by StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a research note issued on Friday. The firm set a “hold” rating on the stock.

Flanigan’s Enterprises Stock Performance

Shares of Flanigan’s Enterprises stock opened at $25.85 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. Flanigan’s Enterprises has a 52-week low of $24.43 and a 52-week high of $29.72.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.60 EPS for the quarter. The business 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%.

Institutional Investors Weigh In On Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC grew its holdings in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 7.6% in the 1st quarter, according to its most recent disclosure with the 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 11.03% of the company’s stock.

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.