Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Get Free Report) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 16,076 shares, a growth of 211.2% from the September 30th total of 5,166 shares. Approximately 2.3% of the company’s shares are short sold. Based on an average daily volume of 56,919 shares, the short-interest ratio is currently 0.3 days.
Institutional Investors Weigh In On Flanigan’s Enterprises
A hedge fund recently bought a new stake in Flanigan’s Enterprises stock. BlackRock Inc. purchased a new stake in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,414 shares of the company’s stock, valued at approximately $63,000. BlackRock Inc. owned 0.08% of Flanigan’s Enterprises as of its most recent SEC filing. 11.03% of the stock is owned by institutional investors and hedge funds.
Flanigan’s Enterprises Stock Performance
Shares of BDL stock opened at $59.97 on Friday. The company has a market capitalization of $111.54 million, a P/E ratio of 16.22 and a beta of 0.37. Flanigan’s Enterprises has a fifty-two week low of $27.55 and a fifty-two week high of $60.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.68 and a current ratio of 2.04. The stock has a 50 day moving average price of $47.31 and a two-hundred day moving average price of $38.63.
Flanigan’s Enterprises Company Profile
Flanigan’s Enterprises, Inc operates full-service restaurants and package liquor stores primarily in South Florida. Its restaurant concept, Flanigan’s Seafood Bar & Grill, offers a casual dining atmosphere with a menu that includes seafood, ribs, burgers, sandwiches, salads and other American-style fare, along with alcoholic and nonalcoholic beverages.
The company also operates package liquor stores under the Big Daddy’s Liquors name. These locations sell beer, wine, spirits and related products for off-premises consumption.
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