StockNews.com started coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL – Free Report) in a research note issued to investors on Tuesday. The brokerage issued a hold rating on the stock.
Flanigan’s Enterprises Stock Up 0.1 %
Shares of Flanigan’s Enterprises stock opened at $26.60 on Tuesday. The firm has a market capitalization of $49.60 million, a P/E ratio of 14.07 and a beta of 0.70. The company has a quick ratio of 1.22, a current ratio of 1.56 and a debt-to-equity ratio of 0.28. Flanigan’s Enterprises has a fifty-two week low of $24.43 and a fifty-two week high of $34.59.
Flanigan’s Enterprises (NYSEAMERICAN:BDL – Get Free Report) last released its quarterly earnings data on Tuesday, May 14th. The company reported $1.04 EPS for the quarter. Flanigan’s Enterprises had a net margin of 1.94% and a return on equity of 4.70%. The business had revenue of $48.07 million during the quarter.
Flanigan’s Enterprises Cuts Dividend
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC grew its holdings in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Free Report) by 7.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,460 shares of the company’s stock after buying an additional 875 shares during the quarter. Empowered Funds LLC owned 0.67% of Flanigan’s Enterprises worth $319,000 at the end of the most recent reporting period. 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.
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