StockNews.com initiated coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL – Free Report) in a research report report published on Saturday. The brokerage issued a hold rating on the stock.
Flanigan’s Enterprises Stock Down 2.1 %
Flanigan’s Enterprises stock opened at $26.52 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.22 and a current ratio of 1.56. The company has a market cap of $50.38 million, a P/E ratio of 14.03 and a beta of 0.70. Flanigan’s Enterprises has a 1-year low of $24.43 and a 1-year high of $34.59.
Flanigan’s Enterprises (NYSEAMERICAN:BDL – Get Free Report) last posted its earnings results on Tuesday, May 14th. The company reported $1.04 earnings per share for the quarter. The business had revenue of $48.07 million for the quarter. Flanigan’s Enterprises had a net margin of 1.94% and a return on equity of 4.70%.
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 grew its stake in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Free Report) by 7.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. 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 quarter. 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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