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

Stock analysts at StockNews.com started coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.

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

Flanigan’s Enterprises Stock Performance

Shares of NYSEAMERICAN BDL opened at $26.96 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.17 and a current ratio of 1.49. Flanigan’s Enterprises has a 52-week low of $24.43 and a 52-week high of $34.59. The company has a market capitalization of $50.15 million, a PE ratio of 14.42 and a beta of 0.71.

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

Institutional Trading of Flanigan’s Enterprises

A number of hedge funds and other institutional investors have recently bought and sold shares of BDL. Tower Research Capital LLC TRC grew its stake in shares of Flanigan’s Enterprises by 305.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 856 shares of the company’s stock worth $26,000 after acquiring an additional 645 shares in the last quarter. UBS Group AG grew its position in Flanigan’s Enterprises by 135.9% during the third 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 period. BlackRock Inc. grew its position in Flanigan’s Enterprises by 41.1% during the second 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 period. Captrust Financial Advisors bought a new position in Flanigan’s Enterprises during the second quarter valued at about $114,000. Finally, Royal Bank of Canada grew its position 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 valued at $125,000 after buying an additional 500 shares during the period. 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.