Flanigan’s Enterprises (NYSEAMERICAN:BDL) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDLFree Report) in a research note released on Friday. The brokerage issued a hold rating on the stock.

Separately, TheStreet cut shares of Flanigan’s Enterprises from a b- rating to a c rating in a report on Monday, January 8th.

Check Out Our Latest Stock Analysis on Flanigan’s Enterprises

Flanigan’s Enterprises Stock Down 6.0 %

Shares of NYSEAMERICAN:BDL opened at $25.57 on Friday. The company has a market capitalization of $47.57 million, a price-to-earnings ratio of 13.68 and a beta of 0.71. Flanigan’s Enterprises has a 52-week low of $24.43 and a 52-week high of $34.59. 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:BDLGet 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 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in Flanigan’s Enterprises by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 53,530 shares of the company’s stock valued at $1,857,000 after purchasing an additional 1,613 shares during the period. Bridgeway Capital Management LLC boosted its holdings in shares of Flanigan’s Enterprises by 3.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 32,840 shares of the company’s stock valued at $845,000 after acquiring an additional 960 shares during the period. Vanguard Group Inc. grew its position in shares of 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 acquiring an additional 7,427 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Flanigan’s Enterprises by 26.6% in the 2nd quarter. Royal Bank of Canada now owns 6,212 shares of the company’s stock worth $190,000 after acquiring an additional 1,304 shares during the period. Finally, Captrust Financial Advisors acquired a new stake in shares of Flanigan’s Enterprises in the 2nd quarter worth about $114,000. 11.03% of the stock is owned by institutional investors and hedge funds.

Flanigan’s Enterprises Company Profile

(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.

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