Flanigan’s Enterprises (NYSEAMERICAN:BDL) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a research note released on Monday. The firm issued a hold rating on the stock.

Flanigan’s Enterprises Stock Performance

Shares of BDL opened at $23.24 on Monday. The company has a fifty day simple moving average of $24.27. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.46 and a quick ratio of 1.16. The firm has a market cap of $43.23 million, a P/E ratio of 13.13 and a beta of 0.68. Flanigan’s Enterprises has a fifty-two week low of $22.61 and a fifty-two week high of $29.72.

Institutional Trading of Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC raised its position in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 3.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,725 shares of the company’s stock after buying an additional 445 shares during the period. Empowered Funds LLC owned approximately 0.79% of Flanigan’s Enterprises worth $364,000 at the end of the most recent quarter. 11.03% of the stock is owned by hedge funds and other institutional investors.

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.