Flanigan’s Enterprises (NYSEAMERICAN:BDL) Research Coverage Started at StockNews.com

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

Flanigan’s Enterprises Trading Up 2.2 %

Shares of BDL opened at $26.07 on Friday. The firm has a market cap of $48.49 million, a price-to-earnings ratio of 13.79 and a beta of 0.67. Flanigan’s Enterprises has a 12 month low of $24.43 and a 12 month high of $34.59. The company has a current ratio of 1.56, a quick ratio of 1.22 and a debt-to-equity ratio of 0.28.

Flanigan’s Enterprises (NYSEAMERICAN:BDLGet Free Report) last released its quarterly earnings results on Tuesday, May 14th. The company reported $1.04 earnings per share (EPS) for the quarter. The firm had revenue of $48.07 million for the quarter. Flanigan’s Enterprises had a return on equity of 4.70% and a net margin of 1.94%.

Flanigan’s Enterprises Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a yield of 1.8%. Flanigan’s Enterprises’s dividend payout ratio is presently 26.46%.

Institutional Trading of Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC grew its position in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDLFree Report) by 7.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,460 shares of the company’s stock after purchasing an additional 875 shares during the period. Empowered Funds LLC owned approximately 0.67% of Flanigan’s Enterprises worth $319,000 at the end of the most recent reporting period. Institutional investors own 11.03% of the company’s stock.

About Flanigan’s Enterprises

(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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