Flanigan’s Enterprises (NYSEAMERICAN:BDL) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a research report report published on Wednesday morning. The brokerage issued a hold rating on the stock.

Flanigan’s Enterprises Price Performance

Shares of NYSEAMERICAN BDL opened at $25.20 on Wednesday. Flanigan’s Enterprises has a 1-year low of $24.32 and a 1-year high of $29.72. 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 (NYSEAMERICAN:BDL) last issued its earnings results on Tuesday, August 13th. The company reported $0.60 earnings per share for the quarter. Flanigan’s Enterprises had a return on equity of 4.05% and a net margin of 1.64%. The company had revenue of $49.10 million during the quarter.

Institutional Investors Weigh In On Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC boosted its holdings in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,030 shares of the company’s stock after purchasing 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. Hedge funds and other institutional investors 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.