Boston, MA 05/22/2013 (wallstreetpr) – The shares of Flanigan’s Enterpises Inc. (NYSEMKT:BDL) increased by 14.76 percent to close at $12.75 per share for the trading day. The company’s shares traded in the range of $11.11 to $13.98 per share thereby readjusting the 52 week high price level of Flanigan’s Enterpises Inc. (NYSEMKT:BDL) to $13.98 per share.
Second Quarter Results
Flanigan’s Enterpises Inc. (NYSEMKT:BDL), which operates a chain of full service restaurants and package liquor stores in South Florida had recently released its second quarter results for 13 weeks ended on March 31, 2013. The restaurant chain had registered a total revenue of $22.25 million which was higher than the total revenues of $20.62 million for the same quarter of previous year.
The net income attributable to Flanigan’s Enterpises Inc. (NYSEMKT:BDL) was observed to be $0.75 million which gets translated into $0.40 gain per basic and diluted share, which was higher than the previous year’s gain of $0.27 per basic and diluted share. The restaurant registered increase in income over the previous year in the segments of restaurant sales, rental income and franchise related revenues.
Flanigan’s Enterpises Inc. (NYSEMKT:BDL) conducts business through two major segments namely the restaurant segment and the packaged liquor segment. The total market capitalization of Flanigan’s Enterpises Inc. (NYSEMKT:BDL) is at $23.71 million and the average trading volume for the company is 6123 shares per day. The company had floated 1.86 million shares to its equity holders and the institutional holding in Flanigan’s Enterpises Inc. (NYSEMKT:BDL) amounts to 6 percent of the ownership.
