Flanigan’s Enterprises (NYSEAMERICAN:BDL) Now Covered by StockNews.com

StockNews.com started coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDLFree Report) in a report issued on Thursday morning. The firm issued a hold rating on the stock.

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

Check Out Our Latest Research Report on BDL

Flanigan’s Enterprises Stock Performance

NYSEAMERICAN:BDL opened at $26.49 on Thursday. Flanigan’s Enterprises has a fifty-two week low of $24.80 and a fifty-two week high of $34.59. The stock has a market capitalization of $49.27 million, a PE ratio of 12.32 and a beta of 0.73. The company has a current ratio of 1.58, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29.

Flanigan’s Enterprises (NYSEAMERICAN:BDLGet Free Report) last released its quarterly earnings results on Friday, December 29th. The company reported ($0.07) earnings per share for the quarter. Flanigan’s Enterprises had a net margin of 2.29% and a return on equity of 5.36%. The firm had revenue of $43.36 million during the quarter.

Hedge Funds Weigh In On Flanigan’s Enterprises

Several hedge funds and other institutional investors have recently modified their holdings of BDL. Dimensional Fund Advisors LP raised its position in shares of Flanigan’s Enterprises by 3.1% in 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 last quarter. Vanguard Group Inc. raised its position in Flanigan’s Enterprises by 61.5% during the 1st 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 last quarter. Captrust Financial Advisors purchased a new position in Flanigan’s Enterprises during the 2nd quarter worth approximately $114,000. UBS Group AG raised its position in Flanigan’s Enterprises by 135.9% during the 3rd 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 last quarter. Finally, Royal Bank of Canada raised its position in Flanigan’s Enterprises by 11.4% during the 3rd 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 last quarter. 11.62% of the stock is owned by hedge funds and other institutional investors.

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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