Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Short Interest Up 5.7% in October

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDLGet Rating) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 3,700 shares, a growth of 5.7% from the October 15th total of 3,500 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is currently 2.3 days.

Flanigan’s Enterprises Price Performance

Shares of BDL opened at $27.85 on Friday. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 0.20. Flanigan’s Enterprises has a 12-month low of $25.00 and a 12-month high of $40.00. The stock has a market capitalization of $51.77 million, a P/E ratio of 8.07 and a beta of 0.73.

Flanigan’s Enterprises (NYSEAMERICAN:BDLGet Rating) last announced its quarterly earnings data on Tuesday, August 16th. The company reported $0.99 earnings per share (EPS) for the quarter. Flanigan’s Enterprises had a net margin of 4.22% and a return on equity of 9.57%. The firm had revenue of $40.68 million during the quarter.

Institutional Investors Weigh In On Flanigan’s Enterprises

Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in Flanigan’s Enterprises by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 60,984 shares of the company’s stock worth $1,556,000 after buying an additional 2,039 shares during the period. 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 period. Royal Bank of Canada boosted its stake in Flanigan’s Enterprises by 11.4% during the third quarter. Royal Bank of Canada now owns 4,900 shares of the company’s stock worth $125,000 after buying an additional 500 shares during the period. Captrust Financial Advisors purchased a new position in Flanigan’s Enterprises during the second quarter worth about $114,000. Finally, UBS Group AG boosted its stake in Flanigan’s Enterprises by 135.9% during the third quarter. UBS Group AG now owns 1,031 shares of the company’s stock worth $26,000 after buying an additional 594 shares during the period.

Flanigan’s Enterprises Company Profile

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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. It operates in two segments, Package Stores and Restaurants. The company 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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