Flanigan’s Enterprises (NYSEAMERICAN:BDL) Now Covered by Analysts at StockNews.com

Posted by Doug Madison on Jul 5th, 2024

Analysts at StockNews.com started coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL – Get Free Report) in a report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Flanigan’s Enterprises Price Performance

Shares of NYSEAMERICAN BDL opened at $26.70 on Wednesday. Flanigan’s Enterprises has a 52-week low of $24.43 and a 52-week high of $34.59. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.56 and a quick ratio of 1.22. The firm has a market cap of $49.66 million, a price-to-earnings ratio of 14.13 and a beta of 0.70.

Flanigan’s Enterprises (NYSEAMERICAN:BDL – Get Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $1.04 earnings per share (EPS) for the quarter. The firm had revenue of $48.07 million during the quarter. Flanigan’s Enterprises had a net margin of 1.94% and a return on equity of 4.70%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC lifted its stake in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Free Report) by 7.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,460 shares of the company’s stock after purchasing an additional 875 shares during the period. Empowered Funds LLC owned 0.67% of Flanigan’s Enterprises worth $319,000 at the end of the most recent quarter. 11.03% of the stock is owned by hedge funds and other institutional investors.

About Flanigan’s Enterprises

(Get Free Report)

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.