Flanigan’s Enterprises (NYSEAMERICAN:BDL) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a report published on Friday. The firm issued a hold rating on the stock.

Flanigan’s Enterprises Price Performance

Flanigan’s Enterprises stock opened at $25.85 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.21 and a debt-to-equity ratio of 0.27. Flanigan’s Enterprises has a 52 week low of $24.43 and a 52 week high of $29.72.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $49.10 million during the quarter. Flanigan’s Enterprises had a return on equity of 4.05% and a net margin of 1.64%.

Hedge Funds Weigh In On 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 7.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,460 shares of the company’s stock after acquiring an additional 875 shares during the quarter. Empowered Funds LLC owned about 0.67% of Flanigan’s Enterprises worth $319,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 11.03% of the company’s stock.

Flanigan’s Enterprises Company Profile

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.