Flanigan’s Enterprises (NYSEAMERICAN:BDL) Coverage Initiated by Analysts at StockNews.com

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

Flanigan’s Enterprises Stock Down 1.0 %

Shares of NYSEAMERICAN:BDL opened at $24.50 on Tuesday. Flanigan’s Enterprises has a 12 month low of $24.32 and a 12 month 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 released its quarterly earnings data on Tuesday, August 13th. The company reported $0.60 EPS for the quarter. The firm had revenue of $49.10 million for the quarter. Flanigan’s Enterprises had a net margin of 1.64% and a return on equity of 4.05%.

Hedge Funds Weigh In On Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC increased its position in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 7.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,460 shares of the company’s stock after acquiring an additional 875 shares during the period. Empowered Funds LLC owned approximately 0.67% of Flanigan’s Enterprises worth $319,000 at the end of the most recent reporting period. 11.03% of the stock is currently owned by hedge funds and other institutional investors.

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.