StockNews.com assumed coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL – Free Report) in a research note released on Sunday. The brokerage issued a hold rating on the stock.
Flanigan’s Enterprises Price Performance
Shares of BDL stock opened at $24.94 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. Flanigan’s Enterprises has a 52-week low of $24.32 and a 52-week high of $29.72.
Institutional Investors Weigh In On Flanigan’s Enterprises
An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC lifted its stake in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Free Report) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,030 shares of the company’s stock after acquiring an additional 670 shares during the period. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 at the end of the most recent quarter. Institutional investors and hedge funds own 11.03% of the company’s stock.
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.
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