StockNews.com Initiates Coverage on Flanigan’s Enterprises (NYSEAMERICAN:BDL)

Posted by Trent Williams on Jul 11th, 2024

Analysts at StockNews.com assumed coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL – Get Free Report) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

Flanigan’s Enterprises Price Performance

Shares of NYSEAMERICAN BDL opened at $26.50 on Tuesday. Flanigan’s Enterprises has a twelve month low of $24.43 and a twelve month high of $34.59. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.56 and a quick ratio of 1.22. The stock has a market capitalization of $49.60 million, a price-to-earnings ratio of 14.02 and a beta of 0.70.

Flanigan’s Enterprises (NYSEAMERICAN:BDL – Get Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $1.04 EPS for the quarter. Flanigan’s Enterprises had a net margin of 1.94% and a return on equity of 4.70%. The company had revenue of $48.07 million during the quarter.

Hedge Funds Weigh In On Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC grew its position in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Free Report) by 7.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,460 shares of the company’s stock after buying an additional 875 shares during the period. Empowered Funds LLC owned approximately 0.67% of Flanigan’s Enterprises worth $319,000 at the end of the most recent quarter. 11.03% of the stock is owned by hedge funds and other institutional investors.

About Flanigan’s Enterprises

(Get Free Report)

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.