Company Description
Flanigan's Enterprises, Inc. (BDL) is a food service and retail liquor company in the accommodation and food services sector. According to company disclosures and public descriptions, Flanigan's operates through two principal segments: a restaurant segment and a package liquor store segment. It trades on the NYSE American exchange under the ticker symbol BDL.
The company is described as operating a chain of small cocktail lounges and package liquor stores throughout South Florida. Within this framework, it is identified as the owner and operator of "Flanigan's Seafood Bar and Grill" restaurants and "Big Daddy's" retail liquor stores. These operations place Flanigan's in the food service contractors industry, with activities that span on-premise dining and bar service as well as off-premise retail liquor sales.
Business Segments and Operations
Flanigan's reports its activities in two main segments: Restaurant and Package liquor store. The restaurant segment includes food and bar sales and is described as offering alcoholic beverages and full food service. Public descriptions of the menu state that it includes a variety of items such as prime rib, steaks, pasta, entrée salads, burgers, a range of sandwiches, and oversized signature desserts. The package liquor store segment consists of retail liquor sales and related items.
In addition to restaurant and package store sales, Flanigan's reports franchise related revenues, rental income, and other revenues or other operating income in its earnings releases. These categories appear regularly in its reported results for quarterly and annual periods, indicating that the company's revenue base includes both operating sales and ancillary income streams.
Revenue Mix and Segment Emphasis
Across multiple earnings releases, Flanigan's breaks out its revenues into restaurant food and bar sales, package store sales, franchise related revenues, rental income, and other revenues or other operating income. The company has stated in its general description that it generates maximum revenue from the restaurant segment, which aligns with the prominence of restaurant food and bar sales in its reported totals.
The recurring presentation of restaurant food and bar sales and package store sales in its financial tables underscores the importance of both on-premise and off-premise alcohol-related activity to the business. Franchise related revenues and rental income, while smaller line items compared with restaurant and package store sales, are consistently disclosed, indicating ongoing franchise relationships and property-related arrangements.
Brands and Market Focus
Flanigan's identifies itself in its news releases as the owner and operator of "Flanigan's Seafood Bar and Grill" restaurants and "Big Daddy's" retail liquor stores. The company also describes its footprint as a chain of small cocktail lounges and package liquor stores throughout South Florida. This combination of branded restaurants, cocktail lounges, and package stores reflects a regional focus in that area and a concentration on food, bar, and liquor retail offerings.
The restaurant segment, as described, provides full food service alongside alcoholic beverages, while the package stores focus on retail liquor sales and related items. Together, these activities place Flanigan's at the intersection of casual dining, bar service, and beverage retailing.
Corporate Structure and Location
According to its SEC filings, Flanigan's Enterprises, Inc. is incorporated in Florida. Its principal executive office is located in Fort Lauderdale, Florida. The company’s filings list a Commission File Number of 1-6836 and an IRS Employer Identification Number of 59-0877638, reflecting its registration and reporting status as a public company.
Flanigan's identifies itself as a registrant under the Securities Exchange Act of 1934 and files periodic and current reports with the U.S. Securities and Exchange Commission. In its Form 8-K filings, the company notes that it is not classified as an emerging growth company under the applicable SEC rules.
Earnings Reporting and Financial Disclosure
Flanigan's regularly issues earnings releases via newswire, presenting results for 13-week, 26-week, 39-week, and 52-week periods. These releases include detailed tables that break down revenues by category, such as restaurant food and bar sales, package store sales, franchise related revenues, rental income, and other revenues or other operating income. They also present net income attributable to Flanigan's Enterprises, Inc. and net income per common share on a basic and diluted basis.
The company’s earnings announcements typically compare the current period with the corresponding prior-year period, providing a comparative view of its performance. While specific figures change over time, the recurring structure of these disclosures highlights the consistency of its revenue categories and its focus on restaurant and package store operations.
Dividends and Shareholder Returns
In addition to reporting earnings, Flanigan's has disclosed dividend activity. For example, a news release states that the Board of Directors declared a cash dividend of 50 cents per share, specifying a record date and payment date. This indicates that the company has, at least at times, returned capital to shareholders in the form of cash dividends.
Management and Governance Developments
Flanigan's uses Form 8-K filings to report material events related to its leadership and governance. In a Form 8-K, the company disclosed a series of changes in key officer roles, including resignations from certain positions and appointments to new roles such as President, Chief Legal Officer, Chief Financial Officer, and Chief Operating Officer. The filing also notes that some individuals continue to serve on the Board of Directors while transitioning between executive roles.
These disclosures illustrate the company’s practice of documenting significant changes in executive responsibilities, compensation arrangements, and board leadership through current reports filed with the SEC.
Position Within the Food Service and Retail Liquor Industry
Flanigan's is classified in the food service contractors industry within the accommodation and food services sector. Its combination of restaurant operations, cocktail lounges, and package liquor stores, along with franchise-related activities and rental income, provides a multi-faceted presence in food and beverage service and retail. The emphasis on restaurant segment revenues, as noted in its descriptions and financial reporting, underscores the central role of its restaurant operations in the overall business.
BDL Stock: What Investors Monitor
Investors following BDL stock often look at the company’s periodic earnings releases, which provide insight into trends in restaurant food and bar sales, package store sales, and related revenue categories. They may also review dividend announcements, when made, and monitor SEC filings such as Forms 10-K, 10-Q, and 8-K for information on financial performance, governance changes, and other material events.
Because Flanigan's operates in a defined regional market and reports detailed revenue breakdowns, its disclosures offer a view into how its restaurant and package store segments contribute to overall results. Public information emphasizes that the restaurant segment generates maximum revenue for the company, which can be a focal point for analysis of BDL as a food service and retail liquor stock.
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Short Interest History
Short interest in Flanigans Entr (BDL) currently stands at 2.5 thousand shares, up 130.4% from the previous reporting period, representing 0.6% of the float. Over the past 12 months, short interest has increased by 18.5%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Flanigans Entr (BDL) currently stands at 3.2 days, up 220% from the previous period. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The days to cover has increased 158.1% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 1.0 to 5.3 days.