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

Stock analysts at StockNews.com began coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the stock.

Separately, TheStreet downgraded Flanigan’s Enterprises from a “b-” rating to a “c” rating in a report on Monday, January 8th.

Flanigan’s Enterprises Stock Performance

Shares of NYSEAMERICAN BDL opened at $24.86 on Tuesday. The company has a market capitalization of $46.24 million, a P/E ratio of 13.29 and a beta of 0.71. Flanigan’s Enterprises has a 52 week low of $24.43 and a 52 week high of $34.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.17 and a current ratio of 1.49.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last issued its earnings results on Wednesday, February 14th. The company reported $0.06 EPS for the quarter. Flanigan’s Enterprises had a return on equity of 4.65% and a net margin of 1.96%. The firm had revenue of $45.14 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its stake in shares of Flanigan’s Enterprises by 305.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 856 shares of the company’s stock worth $26,000 after buying an additional 645 shares during the period. UBS Group AG raised its stake in shares of 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 period. BlackRock Inc. raised its stake in shares of Flanigan’s Enterprises by 41.1% during the 2nd quarter. BlackRock Inc. now owns 3,033 shares of the company’s stock worth $93,000 after buying an additional 884 shares during the period. Captrust Financial Advisors acquired a new position in shares of Flanigan’s Enterprises during the 2nd quarter worth approximately $114,000. Finally, Royal Bank of Canada raised its stake in shares of 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 period. 11.03% of the stock is owned by institutional investors and hedge funds.

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.