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

StockNews.com assumed coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a research report report published on Monday. The brokerage issued a hold rating on the stock.

Flanigan’s Enterprises Price Performance

Shares of BDL opened at $24.50 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 1.21. Flanigan’s Enterprises has a 52 week low of $24.32 and a 52 week high of $29.72.

Institutional Trading of Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC raised its holdings in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,030 shares of the company’s stock after acquiring an additional 670 shares during the quarter. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 as of its most recent SEC filing. 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.