Zacks Initiates Coverage of Flanigan's With Neutral Recommendation

Zacks Investment Research has recently initiated coverage of Flanigan's Enterprises, Inc. (BDL) , assigning a "Neutral" recommendation to the company's shares. This assessment comes amid a mixed outlook for the company, which has been making notable strides in the hospitality space despite industry challenges. Flanigan's reported a 9.7% increase in revenues for the first quarter of 2024. The top line increased to $48.1 million in the first quarter from $43.8 million in the year-ago quarter. This growth was ...