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

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

Flanigan’s Enterprises Stock Down 2.3%

BDL opened at $23.38 on Monday. The firm’s fifty day simple moving average is $24.31. Flanigan’s Enterprises has a 52-week low of $22.70 and a 52-week high of $29.72. The company has a current ratio of 1.46, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The stock has a market cap of $43.49 million, a PE ratio of 13.21 and a beta of 0.68.

Hedge Funds Weigh In On Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC boosted its stake in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 3.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,725 shares of the company’s stock after purchasing an additional 445 shares during the quarter. Empowered Funds LLC owned about 0.79% of Flanigan’s Enterprises worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 11.03% of the stock is currently owned by hedge funds and other institutional investors.

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.