Boston, MA 05/29/2013 (wallstreetpr) – The shares of Flanigan’s Enterprises Inc. (NYSEMKT:BDL) had declined by 16.33 percent to close at $10.35 per share for the last trading session. The shares of restaurant chains company had been trading in the range of $10.20 to $12.66 per share during the day.
Revenue for second quarter, 2013
Flanigan’s Enterprises Inc. (NYSEMKT:BDL) had recently announced the financial results for the second quarter in which the company had recorded $22.255 million revenue. The net income attributable to shareholders was observed to be $0.75 million which translates into $0.40 per basic and diluted share compared to the net income of $0.27 per share for the same quarter of previous year.
The rating for Flanigan’s Enterprises Inc. (NYSEMKT:BDL) by the analysts had been moved from buy rating to hold rating recently. Flanigan’s Enterprises Inc. (NYSEMKT:BDL) with its operations in South Florida consists of a chain of full service restaurants and package liquor stores. The company thereby operates its business under two segments namely restaurant chain segment and packaged liquor segment.
The shares of the restaurant chain had recorded 52 week high price level of $13.98 per share and 52 week low price level of $7.00 per share. Flanigan’s Enterprises Inc. (NYSEMKT:BDL) presently holds 1.86 million shares outstanding and the institutional ownership in the company is 6 percent of the holdings. Flanigan’s Enterprises Inc. (NYSEMKT:BDL) had witnessed a surge in trading volume at 99,780 shares for the last trading session, while the average trading volume for the company is at 20,691 shares per day.
