Short Interest in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Increases By 45.5%

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 3,200 shares, a growth of 45.5% from the January 15th total of 2,200 shares. Based on an average daily volume of 2,500 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.6% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Flanigan’s Enterprises in a report on Saturday, January 11th. They issued a “hold” rating for the company.

Flanigan’s Enterprises Price Performance

Flanigan’s Enterprises stock opened at $24.95 on Friday. Flanigan’s Enterprises has a 52 week low of $23.94 and a 52 week high of $29.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.58 and a quick ratio of 1.23. The company has a market capitalization of $46.41 million, a P/E ratio of 13.86 and a beta of 0.68.

Hedge Funds Weigh In On Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC boosted its stake in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,030 shares of the company’s stock after buying an additional 670 shares during the quarter. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 at the end of the most recent quarter. 11.03% of the stock is owned by institutional investors.

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.