Alert: Positive Investment/Fundamental Signals (9/6/24)-Flanigan’s Enterprises Inc. (NYSEAMERICAN: BDL)

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Flanigan’s Enterprises Inc. (NYSEAMERICAN: BDL) has benefited from exceptional positive changes in investment behavior: its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and positive upside/downside volume developed.

Flanigan’s Enterprises Inc. (NYSEAMERICAN: BDL) has recently enjoyed marginal positive changes in fundamentals: significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

BDL’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.

Flanigan’s Enterprises has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Flanigan’s Enterprises has a neutral Power Rating of 45 and a neutral Appreciation Score of 45, and the Low Neutral Value Trend Rating results.

Recent Price Action

Flanigan’s Enterprises Inc. (NYSEAMERICAN: BDL) stock closed at $26.60 on 9/6/24 after a modest decline of -1.0%. However, this decline was accompanied by exceptionally low trading volume at 28% of normal. The stock has risen 5.0% during the last week and has performed in line with the market over the last nine months.

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