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

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

Separately, TheStreet lowered Flanigan’s Enterprises from a b- rating to a c rating in a report on Monday, January 8th.

Flanigan’s Enterprises Price Performance

Shares of BDL opened at $26.66 on Friday. The firm has a market cap of $49.59 million, a PE ratio of 14.26 and a beta of 0.67. Flanigan’s Enterprises has a 12-month low of $24.43 and a 12-month high of $34.59. The company has a quick ratio of 1.17, a current ratio of 1.49 and a debt-to-equity ratio of 0.29.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.06 EPS for the quarter. Flanigan’s Enterprises had a return on equity of 4.65% and a net margin of 1.96%. The company had revenue of $45.14 million during 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 shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 7.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,460 shares of the company’s stock after buying 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. Institutional investors and hedge funds 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.