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

StockNews.com initiated coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) 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) 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

The business also recently disclosed an annual dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.50 per share. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, June 14th. Flanigan’s Enterprises’s dividend payout ratio (DPR) is currently 26.46%.

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) 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.