Start here if you're new
what it is
Flanigan's runs 32 restaurants and liquor stores in South Florida, plus 5 franchised units, selling food, drinks, and discount bottles.
how it gets paid
Last year Bdl made $205M in revenue.
why it's growing
Revenue grew 310.5% last year. The $0.43 EPS matters most because last year's comparable quarter was just $0.03.
what just happened
Quarterly revenue reached $53M, up 5% vs. prior year, while EPS jumped to $0.43 from $0.03.
At a glance
C++ balance sheet — some cracks in the foundation
40/100 earnings predictability — expect surprises
11.7x trailing p/e — the market's not buying it — or you found a deal
1.6% dividend yield — cash in your pocket every quarter
6.5% return on capital — nothing to write home about
xvary composite: 54/100 — below average
What they do
Flanigan's runs 32 restaurants and liquor stores in South Florida, plus 5 franchised units, selling food, drinks, and discount bottles.
This is local density, not magic. Flanigan's controls 32 units in one region, so your brand is familiar, your supply routes are short, and your ads work harder. Operating margin → money left after paying to run the business → 7.5%, so this is a volume game, not a luxury story.
How they make money
$205M
annual revenue · their business grew +310.5% last year
total revenue
$205M
+310.5%
The products that matter
full-service dining
Flanigan's restaurants
$185M · about 90% of revenue
It is the core $185M business. If traffic softens or average check growth stalls, your investment case feels it fast because this segment supplies about nine-tenths of revenue.
core driver
retail alcohol sales
Package liquor stores
$20M · about 10% of revenue
This $20M business is the add-on. It helps monetize the same footprint beyond the table and bar stool, but it is too small to rescue a weak restaurant quarter.
add-on revenue
Key numbers
$205M
annual revenue
This is a tiny stock with real scale. Sales are more than 3 times the $64M market value.
11.7x
trailing p/e
P/E → price divided by earnings → so what: you are paying $11.70 for each $1 of trailing profit.
7.5%
operating margin
Operating margin → leftover profit after running the business → so what: this is a thin-margin operator, not a cash geyser.
$19M
long-term debt
Debt is 23% of capital, which is manageable, but not invisible for a microcap restaurant operator.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 2 — safer than 80% of stocks
- price stability 45 / 100
- long-term debt $19M (23% of capital)
C++ — risk rank looks solid but balance sheet grade needs watching.
Total return vs. market
Return history isn't available for BDL right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Quarterly revenue reached $53M, up 5% vs. prior year, while EPS jumped to $0.43 from $0.03.
The sales move was modest. The profit swing was the real story. EPS rose 1,333% vs. prior year in the latest quarter, according to SEC filing data.
$53M
revenue
$0.43
eps
+5%
sales growth
the number that mattered
The $0.43 EPS matters most because last year's comparable quarter was just $0.03, which shows how lumpy this business can be.
source: company earnings report, 2026
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What could go wrong
the #1 risk is south florida concentration across the entire store base.
high
south florida concentration
The company operates in one region. That ties the restaurants, liquor stores, and customer base to the same local economy, weather pattern, and tourism pulse.
If south florida weakens, essentially all $205M of revenue feels it at once.
high
thin trading and sharp price moves
At a $64M market cap, this is a very small stock. Limited liquidity means the quote can move harder than the business does on any given day.
The 52-week range of $23–$36 already shows you what that looks like in practice.
med
margin squeeze
Operating margin is 7.5%. That works, but it does not leave a big buffer if labor, food, insurance, or occupancy costs rise faster than menu pricing.
When the starting margin is single-digit, even modest cost pressure can hit earnings hard.
med
leadership transition risk
Executive changes took effect jan. 8, 2026. For a regional operator, that is an operating event, not org-chart trivia.
If execution slips during the handoff, a 7.5% operating margin does not give you much room to hide it.
Between a $64M market cap, $19M of long-term debt, and essentially all $205M of revenue tied to one region, you do not have much room for an operational stumble.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
next earnings report
estimated for may 15–20, 2026. For a company this small, one release can move the narrative fast.
margin
operating margin holding near 7.5%
This is the number to watch because single-digit margins leave little room for cost surprises or sloppy execution.
sales mix
restaurant demand versus liquor add-on sales
Restaurants are about 90% of revenue. If that core segment slows, the smaller liquor business will not bail you out.
risk
post-transition execution
Leadership changes took effect in january. Watch whether operations stay steady rather than assuming the handoff is painless.
Analyst rankings
earnings predictability
40 / 100
in human-speak, the business does not produce especially smooth or easy-to-forecast earnings.
risk rank
2
That provider rank says safer than about 80% of stocks. The balance sheet grade reads less comfortably, so you should use both instead of picking the one you like more.
price stability
45 / 100
The stock has some wobble. For a small-cap regional restaurant name, that is normal and still worth respecting.
source: institutional data
Institutional activity
institutional ownership data for BDL is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$34
current price
n/a
target midpoint · n/a from current
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