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

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

Flanigan’s Enterprises Stock Down 2.4 %

Shares of BDL opened at $24.75 on Tuesday. 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 52 week low of $24.32 and a 52 week high of $29.72.

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

Institutional Trading of Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC lifted its position in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. 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 as of its most recent SEC filing. 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.