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 released on Wednesday morning. The firm issued a hold rating on the stock.

Flanigan’s Enterprises Trading Down 0.6 %

Shares of NYSEAMERICAN BDL opened at $24.25 on Wednesday. Flanigan’s Enterprises has a 52-week low of $23.94 and a 52-week high of $29.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 1.21.

Institutional Trading of Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC lifted its holdings in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,030 shares of the company’s stock after buying an additional 670 shares during the quarter. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 at the end of the most recent quarter. 11.03% of the stock is owned by 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.