StockNews.com initiated coverage on shares of Flanigan's Enterprises (NYSEAMERICAN:BDL - Free Report) in a report released on Tuesday morning. The firm issued a hold rating on the stock.
Separately, TheStreet lowered shares of Flanigan's Enterprises from a b- rating to a c rating in a research report on Monday, January 8th.
View Our Latest Research Report on BDL
Flanigan's Enterprises Price Performance
Shares of BDL traded down $2.10 on Tuesday, hitting $24.86. The company's stock had a trading volume of 157 shares, compared to its average volume of 2,545. The firm has a market capitalization of $46.24 million, a PE ratio of 13.29 and a beta of 0.71. Flanigan's Enterprises has a fifty-two week low of $24.43 and a fifty-two week high of $34.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.17 and a current ratio of 1.49.
Flanigan's Enterprises (NYSEAMERICAN:BDL - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.06 earnings per share for the quarter. Flanigan's Enterprises had a return on equity of 4.65% and a net margin of 1.96%. The firm had revenue of $45.14 million during the quarter.
Institutional Investors Weigh In On Flanigan's Enterprises
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its stake in Flanigan's Enterprises by 11.4% during the third quarter. Royal Bank of Canada now owns 4,900 shares of the company's stock worth $125,000 after buying an additional 500 shares in the last quarter. UBS Group AG increased its stake in Flanigan's Enterprises by 135.9% in the third quarter. UBS Group AG now owns 1,031 shares of the company's stock valued at $26,000 after acquiring an additional 594 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Flanigan's Enterprises by 305.7% during the second quarter. Tower Research Capital LLC TRC now owns 856 shares of the company's stock valued at $26,000 after purchasing an additional 645 shares in the last quarter. BlackRock Inc. lifted its stake in Flanigan's Enterprises by 41.1% during the second quarter. BlackRock Inc. now owns 3,033 shares of the company's stock worth $93,000 after purchasing an additional 884 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Flanigan's Enterprises by 3.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 32,840 shares of the company's stock worth $845,000 after buying an additional 960 shares in the last quarter. 11.03% of the stock is currently owned by institutional investors and hedge funds.
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.
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