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

StockNews.com initiated coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a research report sent to investors on Tuesday morning. The brokerage issued a hold rating on the stock.

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

Flanigan’s Enterprises Price Performance

BDL opened at $24.86 on Tuesday. The company has a market cap of $46.24 million, a P/E ratio of 13.29 and a beta of 0.71. Flanigan’s Enterprises has a 1 year low of $24.43 and a 1 year 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:BDL) last posted its earnings results on Wednesday, February 14th. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $45.14 million during the quarter. Flanigan’s Enterprises had a net margin of 1.96% and a return on equity of 4.65%.

Hedge Funds Weigh In On Flanigan’s Enterprises

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its stake in shares of Flanigan’s Enterprises by 305.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 856 shares of the company’s stock valued at $26,000 after buying an additional 645 shares during the last quarter. UBS Group AG boosted its stake in shares of Flanigan’s Enterprises by 135.9% during the 3rd quarter. UBS Group AG now owns 1,031 shares of the company’s stock valued at $26,000 after buying an additional 594 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Flanigan’s Enterprises by 41.1% during the 2nd quarter. BlackRock Inc. now owns 3,033 shares of the company’s stock valued at $93,000 after buying an additional 884 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Flanigan’s Enterprises during the 2nd quarter valued at approximately $114,000. Finally, Royal Bank of Canada boosted its stake in shares of Flanigan’s Enterprises by 11.4% during the 3rd quarter. Royal Bank of Canada now owns 4,900 shares of the company’s stock valued at $125,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 11.03% of the company’s stock.

Flanigan’s Enterprises Company Profile

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.