StockNews.com assumed coverage on shares of Flanigan's Enterprises (NYSEAMERICAN:BDL - Free Report) in a research report released on Thursday morning. The firm issued a hold rating on the stock.
Flanigan's Enterprises Trading Up 3.1 %
BDL traded up $0.86 during trading on Thursday, hitting $28.50. 700 shares of the stock traded hands, compared to its average volume of 2,358. The stock has a market capitalization of $53.01 million, a P/E ratio of 15.24 and a beta of 0.67. Flanigan's Enterprises has a 12-month low of $24.43 and a 12-month high of $34.59. The company has a quick ratio of 1.17, a current ratio of 1.49 and a debt-to-equity ratio of 0.29.
Flanigan's Enterprises (NYSEAMERICAN:BDL - Get Free Report) last released its quarterly earnings data on Tuesday, May 14th. The company reported $1.04 earnings per share for the quarter. The business had revenue of $48.07 million during the quarter. Flanigan's Enterprises had a return on equity of 4.65% and a net margin of 1.96%.
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 position in shares of Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) by 7.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,460 shares of the company's stock after purchasing 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. Institutional investors and hedge funds own 11.03% of the company's stock.
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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