StockNews.com started coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL – Free Report) in a report issued on Sunday morning. The firm issued a hold rating on the stock.
Flanigan’s Enterprises Stock Performance
Shares of NYSEAMERICAN BDL opened at $27.96 on Friday. Flanigan’s Enterprises has a twelve month low of $24.43 and a twelve month high of $34.59. The stock has a market capitalization of $49.54 million, a price-to-earnings ratio of 14.79 and a beta of 0.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.22 and a current ratio of 1.56.
Flanigan’s Enterprises (NYSEAMERICAN:BDL – Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $48.07 million for the quarter.
Flanigan’s Enterprises Cuts Dividend
Institutional Trading of Flanigan’s Enterprises
An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC raised its stake in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Free Report) by 7.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,460 shares of the company’s stock after purchasing an additional 875 shares during the quarter. Empowered Funds LLC owned approximately 0.67% of Flanigan’s Enterprises worth $319,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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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