Loading...
Docoh

Flanigan`s Enterprises (BDL)

Flanigan’s is a laidback family-run restaurant anchored by a commitment to exceptional food and drink, warm hospitality, great value, and good fun. A beloved South Florida institution since 1959, the Flanigan’s name is pretty much synonymous with good times. Flanigan’s welcomes guests from near and far every day of the year, serving continuously from lunch to late night. The founding vision of Joe “Big Daddy” Flanigan – a come one, come all, home-away-from-home for friends old and new – is alive and well today. Over the years, Flanigan’s evolved from popular Big Daddy’s lounges and liquor stores into a group of over 20 restaurants. An appreciation for shared meals with family and friends is at the heart of the Flanigan’s experience. Flanigan’s is very much a local neighborhood spot, and we exist to serve each community in which we make our home. The design of our bars and restaurants is all about the island vibes and saltwater adventures that reflect our deep South Florida roots. Our walls are lined with memories of family and friends playing in their natural nautical element – fishing, diving, beaching, and boating.

BDL stock data

Calendar

16 Aug 22
20 Aug 22
1 Oct 22
Quarter (USD) Jul 22 Apr 22 Jan 22 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Oct 21 Oct 20 Sep 19 Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 35.66M 35.66M 35.66M 35.66M 35.66M 35.66M
Cash burn (monthly) 1.67M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 2.69M n/a n/a n/a n/a n/a
Cash remaining 32.97M n/a n/a n/a n/a n/a
Runway (months of cash) 19.8 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

12.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 15 14 +7.1%
Opened positions 3 9 -66.7%
Closed positions 2 1 +100.0%
Increased positions 4 1 +300.0%
Reduced positions 5 2 +150.0%
13F shares Current Prev Q Change
Total value 7.19M 8.5M -15.5%
Total shares 239.49K 244.59K -2.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Renaissance Technologies 62.9K $1.89M -1.9%
Dimensional Fund Advisors 58.95K $1.77M +10.1%
FMR 32.69K $981K -50.0%
Bridgeway Capital Management 31.26K $938K +399.7%
Vanguard 20.25K $607K +3.8%
Cito Capital 19.45K $584K 0.0%
RY Royal Bank Of Canada 4.4K $132K 0.0%
Captrust Financial Advisors 3.78K $114K NEW
MS Morgan Stanley 2.26K $68K -5.9%
BLK Blackrock 2.1K $63K -6.9%
Largest transactions Shares Bought/sold Change
FMR 32.69K -32.67K -50.0%
Bridgeway Capital Management 31.26K +25K +399.7%
Geode Capital Management 0 -5.99K EXIT
Dimensional Fund Advisors 58.95K +5.42K +10.1%
Captrust Financial Advisors 3.78K +3.78K NEW
Renaissance Technologies 62.9K -1.2K -1.9%
Vanguard 20.25K +743 +3.8%
UBS UBS Group AG - Registered Shares 437 +347 +385.6%
Tower Research Capital 40 -164 -80.4%
BLK Blackrock 2.1K -156 -6.9%

Financial report summary

?
Management Discussion
  • Comparison of Thirteen Weeks Ended July 2, 2022 and July 3, 2021.
  • Revenues. Total revenue for the thirteen weeks ended July 2, 2022 increased $2,740,000 or 7.22% to $40,675,000 from $37,935,000 for the thirteen weeks ended July 3, 2021 due primarily to increased package liquor store and restaurant sales, increased menu prices, revenue generated from the opening of our limited partnership owned restaurant in Sunrise, Florida, (Store #85) in March 2022 and the comparatively less adverse effects of COVID-19 on our operations during the thirteen weeks ended July 2, 2022 as compared with the thirteen weeks ended July 3, 2021. Effective October 3, 2021 and then effective December 19, 2021 we increased menu prices for our food offerings to target an increase to our food revenues of approximately 2.38% and 3.34% annually, respectively, to offset higher food costs and higher overall expenses and effective December 12, 2021 we increased menu prices for our bar offerings to target an increase to our bar revenues of approximately 7.80% annually, (collectively the “Recent Price Increases”). Prior to these increases, we previously raised menu prices in the third quarter of our fiscal year 2021. We expect that the new package liquor store located at 7990 Davie Road Extension, Hollywood, Florida will open for business during our fiscal year 2022 and we expect to generate revenue from it. We do not anticipate that the restaurant located at 2505 N. University Drive, Hollywood, Florida, which has been closed since October, 2018 due to a fire (the “Hollywood restaurant”) or the Miramar Restaurant will open for business during our fiscal year 2022 and accordingly we do not expect to generate any revenue from them.
  • Restaurant Food Sales. Restaurant revenue generated from the sale of food, including non-alcoholic beverages, at restaurants totaled $25,574,000 for the thirteen weeks ended July 2, 2022 as compared to $23,484,000 for the thirteen weeks ended July 3, 2021. The increase in restaurant food sales for the thirteen weeks ended July 2, 2022 as compared to restaurant food sales during the thirteen weeks ended July 3, 2021 is attributable to menu price increases, restaurant food sales generated from the opening of our limited partnership owned restaurant in Sunrise, Florida, (Store #85) in March 2022 and the comparatively greater adverse effects of COVID-19 on our operations during the thirteen weeks ended July 3, 2021 as compared with the thirteen weeks ended July 2, 2022. Comparable weekly restaurant food sales (for restaurants open for all of the thirteen weeks ended July 2, 2022 and July 3, 2021 respectively, which consists of nine restaurants owned by us, (excluding Store #19 which was closed for the thirteen weeks ended July 2, 2022 and July 3, 2021 due to a fire on October 2, 2018) and eight restaurants owned by affiliated limited partnerships, (excluding Store #85 which opened for business during the second quarter of our fiscal year 2022) was $1,860,000 and $1,789,000 for the thirteen weeks ended July 2, 2022 and July 3, 2021, respectively, an increase of 3.97%. Comparable weekly restaurant food sales for Company owned restaurants only was $931,000 and $893,000 for the thirteen weeks ended July 2, 2022 and July 3, 2021, respectively, an increase of 4.26%. Comparable weekly restaurant food sales for affiliated limited partnership owned restaurants only, (excluding Store #85 which opened for business during the second quarter of our fiscal year 2022), was $930,000 and $896,000 for the thirteen weeks ended July 2, 2022 and July 3, 2021 respectively, an increase of 3.79%.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Good
New words: amortizable, assume, Beach, brendan, deemed, drop, exterior, fifty, final, member, payee, placement, Pompano, pub, repayment, requested, simultaneously, thereunder, triple, unable
Removed: covered
Registration and prospectus
No filings