Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Short Interest Up 50.0% in March

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 900 shares, a growth of 50.0% from the February 29th total of 600 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 2,000 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Flanigan’s Enterprises by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 53,530 shares of the company’s stock valued at $1,857,000 after purchasing an additional 1,613 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in Flanigan’s Enterprises by 3.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 32,840 shares of the company’s stock worth $845,000 after buying an additional 960 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Flanigan’s Enterprises by 61.5% during the 1st quarter. Vanguard Group Inc. now owns 19,502 shares of the company’s stock worth $677,000 after acquiring an additional 7,427 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Flanigan’s Enterprises by 26.6% in the 2nd quarter. Royal Bank of Canada now owns 6,212 shares of the company’s stock valued at $190,000 after acquiring an additional 1,304 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of Flanigan’s Enterprises during the 2nd quarter worth about $114,000. Hedge funds and other institutional investors own 11.03% of the company’s stock.

Wall Street Analysts Forecast Growth

BDL has been the topic of several research reports. TheStreet lowered Flanigan’s Enterprises from a “b-” rating to a “c” rating in a research note on Monday, January 8th. StockNews.com initiated coverage on shares of Flanigan’s Enterprises in a research report on Friday. They set a “hold” rating on the stock.

Flanigan’s Enterprises Stock Performance

Shares of NYSEAMERICAN:BDL traded down $1.63 during trading on Friday, hitting $25.57. The company’s stock had a trading volume of 1,287 shares, compared to its average volume of 4,175. Flanigan’s Enterprises has a fifty-two week low of $24.43 and a fifty-two week high of $34.59. The company has a quick ratio of 1.17, a current ratio of 1.49 and a debt-to-equity ratio of 0.29. The company has a market cap of $47.57 million, a price-to-earnings ratio of 13.68 and a beta of 0.71.

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

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.