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

Equities research analysts at StockNews.com initiated coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a research note issued on Saturday. The brokerage set a “hold” rating on the stock.

Flanigan’s Enterprises Stock Down 1.0 %

Flanigan’s Enterprises stock opened at $26.60 on Friday. 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 has a one year low of $24.43 and a one year high of $34.59.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last posted its earnings results on Tuesday, August 13th. The company reported $0.60 EPS for the quarter. The business had revenue of $49.10 million during 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

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC lifted its position in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 7.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,460 shares of the company’s stock after buying an additional 875 shares during the period. Empowered Funds LLC owned about 0.67% of Flanigan’s Enterprises worth $319,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.