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

Posted by Thomas Dobrow on Dec 3rd, 2024

StockNews.com began coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL – Free Report) in a research report sent to investors on Saturday. The firm issued a hold rating on the stock.

Flanigan’s Enterprises Stock Performance

Shares of BDL opened at $24.75 on Friday. Flanigan’s Enterprises has a one year low of $24.32 and a one year high of $29.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 1.21.

Hedge Funds Weigh In On Flanigan’s Enterprises

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 5.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,030 shares of the company’s stock after buying an additional 670 shares during the period. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 11.03% of the company’s stock.

About Flanigan’s Enterprises

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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.