StockNews.com Initiates Coverage on Flanigan’s Enterprises (NYSEAMERICAN:BDL)

Posted by ABMN Staff on Dec 31st, 2024

StockNews.com started coverage on shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL – Free Report) in a research report sent to investors on Monday. The brokerage issued a hold rating on the stock.

Flanigan’s Enterprises Price Performance

NYSEAMERICAN:BDL opened at $25.49 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.21 and a debt-to-equity ratio of 0.27. Flanigan’s Enterprises has a 12 month low of $23.94 and a 12 month high of $29.72.

Institutional Investors Weigh In On Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC boosted its stake in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Free Report) by 5.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 14,030 shares of the company’s stock after purchasing 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. 11.03% of the stock is owned by hedge funds and other institutional investors.

Flanigan’s Enterprises Company Profile

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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.