Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL) Short Interest Up 255.6% in March

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 3,200 shares, an increase of 255.6% from the March 15th total of 900 shares. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.6% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

BDL has been the subject of several recent research reports. TheStreet cut shares of Flanigan's Enterprises from a "b-" rating to a "c" rating in a report on Monday, January 8th. StockNews.com began coverage on Flanigan's Enterprises in a research note on Wednesday. They set a "hold" rating for the company.

Flanigan's Enterprises Trading Down 0.0 %

Shares of NYSEAMERICAN:BDL traded down $0.01 during midday trading on Wednesday, reaching $27.70. 1,898 shares of the company's stock traded hands, compared to its average volume of 2,640. Flanigan's Enterprises has a 1 year low of $24.43 and a 1 year high of $34.59. The firm has a market capitalization of $51.52 million, a price-to-earnings ratio of 14.81 and a beta of 0.71. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.49 and a quick ratio of 1.17.

Flanigan's Enterprises (NYSEAMERICAN:BDL - Get Free Report) last released its earnings results on Wednesday, February 14th. The company reported $0.06 EPS for the quarter. Flanigan's Enterprises had a net margin of 1.96% and a return on equity of 4.65%. The business had revenue of $45.14 million during the quarter.

Institutional Investors Weigh In On Flanigan's Enterprises

A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Flanigan's Enterprises by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 61,585 shares of the company's stock worth $1,584,000 after purchasing an additional 974 shares during the last quarter. Bridgeway Capital Management LLC boosted its stake in Flanigan's Enterprises by 3.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 32,840 shares of the company's stock worth $845,000 after buying an additional 960 shares during the last quarter. Vanguard Group Inc. boosted its stake in Flanigan's Enterprises by 61.5% during the first quarter. Vanguard Group Inc. now owns 19,502 shares of the company's stock worth $677,000 after buying an additional 7,427 shares during the last quarter. Royal Bank of Canada grew its holdings in Flanigan's Enterprises by 26.6% in the 2nd quarter. Royal Bank of Canada now owns 6,212 shares of the company's stock valued at $190,000 after buying an additional 1,304 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of Flanigan's Enterprises in the 2nd quarter worth $114,000. 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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