Flanigan'S Enterprises (BDL)
Market Price (9/14/2026): $44.75 | Market Cap: $83.2 MilSector: Consumer Discretionary | Industry: Restaurants
Flanigan'S Enterprises (BDL)
Market Price (9/14/2026): $44.75Market Cap: $83.2 MilSector: Consumer DiscretionaryIndustry: Restaurants
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.7% Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Experiential Retail. | Weak multi-year price returns3Y Excs Rtn is -14% | Key risksBDL key risks include [1] its limited geographic expansion and heavy market concentration in South Florida and [2] low net profit margins combined with volatile free cash flow. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.7% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Experiential Retail. |
| Weak multi-year price returns3Y Excs Rtn is -14% |
| Key risksBDL key risks include [1] its limited geographic expansion and heavy market concentration in South Florida and [2] low net profit margins combined with volatile free cash flow. |
Qualitative Assessment
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Flanigan'S Enterprises (BDL) stock has gained about 35% since 5/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Earnings Performance.
Flanigan's Enterprises reported robust results for fiscal Q3 2026, which ended June 27, 2026, with earnings announced on August 11, 2026. Total revenue increased by 7.9% to $56.2 million compared to fiscal Q3 2025, while earnings per share (EPS) surged by 48% to $1.11, up from $0.75 in the prior year's fiscal third quarter. Net income attributable to stockholders also saw a significant 48% rise to $2.06 million, driven by higher menu prices and increased traffic at both restaurants and package stores.
2. Increased Dividend Declaration Signals Confidence.
On May 21, 2026, just prior to the specified period, the Board of Directors declared a cash dividend of $0.60 per share to shareholders of record on June 10, 2026, which was payable on June 26, 2026. This represented a 9.1% increase from the $0.55 per share dividend declared for the comparable period in fiscal 2025, indicating management's confidence in the company's financial health and commitment to shareholder returns.
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Flanigan'S Enterprises (BDL) stock has gained about 35% since 5/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Earnings Performance.
Flanigan's Enterprises reported robust results for fiscal Q3 2026, which ended June 27, 2026, with earnings announced on August 11, 2026. Total revenue increased by 7.9% to $56.2 million compared to fiscal Q3 2025, while earnings per share (EPS) surged by 48% to $1.11, up from $0.75 in the prior year's fiscal third quarter. Net income attributable to stockholders also saw a significant 48% rise to $2.06 million, driven by higher menu prices and increased traffic at both restaurants and package stores.
2. Increased Dividend Declaration Signals Confidence.
On May 21, 2026, just prior to the specified period, the Board of Directors declared a cash dividend of $0.60 per share to shareholders of record on June 10, 2026, which was payable on June 26, 2026. This represented a 9.1% increase from the $0.55 per share dividend declared for the comparable period in fiscal 2025, indicating management's confidence in the company's financial health and commitment to shareholder returns.
3. Favorable Valuation and Growing Institutional Interest.
The stock was deemed favorably valued, with a notable upside potential. Around July 29, 2026, Flanigan's Enterprises was considered approximately 21% undervalued, with an estimated fair value of $48.04. By September 1, 2026, an updated fair value estimate of $89.21 suggested a potential upside of 90.3%. Concurrently, institutional ownership data for the fiscal quarter ending June 30, 2026, revealed an increase in the number of managers holding BDL shares, with more institutional buyers than sellers, reflecting growing confidence from large investors.
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Stock Movement Drivers
Fundamental Drivers
The 35.8% change in BDL stock from 5/31/2026 to 9/13/2026 was primarily driven by a 22.1% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9132026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.44 | 45.42 | 35.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 210 | 215 | 2.1% |
| Net Income Margin (%) | 2.8% | 3.1% | 9.0% |
| P/E Multiple | 10.4 | 12.7 | 22.1% |
| Shares Outstanding (Mil) | 2 | 2 | 0.0% |
| Cumulative Contribution | 35.8% |
Market Drivers
5/31/2026 to 9/13/2026| Return | Correlation | |
|---|---|---|
| BDL | 35.8% | |
| Market (SPY) | 1.0% | 16.3% |
| Sector (XLY) | -6.5% | 14.6% |
Fundamental Drivers
The 37.0% change in BDL stock from 2/28/2026 to 9/13/2026 was primarily driven by a 19.4% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 9132026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.15 | 45.42 | 37.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 207 | 215 | 3.6% |
| Net Income Margin (%) | 2.8% | 3.1% | 10.8% |
| P/E Multiple | 10.7 | 12.7 | 19.4% |
| Shares Outstanding (Mil) | 2 | 2 | 0.0% |
| Cumulative Contribution | 37.0% |
Market Drivers
2/28/2026 to 9/13/2026| Return | Correlation | |
|---|---|---|
| BDL | 37.0% | |
| Market (SPY) | 11.7% | 13.3% |
| Sector (XLY) | -3.1% | 15.6% |
Fundamental Drivers
The 59.0% change in BDL stock from 8/31/2025 to 9/13/2026 was primarily driven by a 43.3% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 9132026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.57 | 45.42 | 59.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 200 | 215 | 7.2% |
| Net Income Margin (%) | 2.2% | 3.1% | 43.3% |
| P/E Multiple | 12.3 | 12.7 | 3.5% |
| Shares Outstanding (Mil) | 2 | 2 | 0.0% |
| Cumulative Contribution | 59.0% |
Market Drivers
8/31/2025 to 9/13/2026| Return | Correlation | |
|---|---|---|
| BDL | 59.0% | |
| Market (SPY) | 19.5% | 12.6% |
| Sector (XLY) | -1.9% | 14.4% |
Fundamental Drivers
The 53.1% change in BDL stock from 8/31/2023 to 9/13/2026 was primarily driven by a 25.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 8312023 | 9132026 | Change |
|---|---|---|---|
| Stock Price ($) | 29.66 | 45.42 | 53.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 171 | 215 | 25.8% |
| Net Income Margin (%) | 3.2% | 3.1% | -1.9% |
| P/E Multiple | 10.2 | 12.7 | 24.1% |
| Shares Outstanding (Mil) | 2 | 2 | 0.0% |
| Cumulative Contribution | 53.1% |
Market Drivers
8/31/2023 to 9/13/2026| Return | Correlation | |
|---|---|---|
| BDL | 53.1% | |
| Market (SPY) | 75.7% | 7.1% |
| Sector (XLY) | 35.3% | 7.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BDL Return | 56% | -14% | 1% | 0% | 19% | 59% | 157% |
| Peers Return | 5% | -6% | 31% | 52% | -7% | 44% | 161% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| BDL Win Rate | 67% | 42% | 58% | 50% | 42% | 67% | |
| Peers Win Rate | 52% | 38% | 58% | 62% | 43% | 62% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| BDL Max Drawdown | -43% | -37% | -26% | -16% | -24% | -19% | |
| Peers Max Drawdown | -36% | -35% | -24% | -26% | -36% | -22% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DRI, TXRH, EAT, CAKE, BLMN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/11/2026 (YTD)
How Low Can It Go
| Event | BDL | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -17.1% | -9.5% |
| % Gain to Breakeven | 20.6% | 10.5% |
| Time to Breakeven | 541 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -16.2% | -24.5% |
| % Gain to Breakeven | 19.3% | 32.4% |
| Time to Breakeven | 95 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -57.0% | -33.7% |
| % Gain to Breakeven | 132.8% | 50.9% |
| Time to Breakeven | 299 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -17.6% | -19.2% |
| % Gain to Breakeven | 21.4% | 23.8% |
| Time to Breakeven | 867 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -35.8% | -12.2% |
| % Gain to Breakeven | 55.7% | 13.9% |
| Time to Breakeven | 475 days | 62 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -11.5% | -15.4% |
| % Gain to Breakeven | 12.9% | 18.2% |
| Time to Breakeven | 19 days | 125 days |
In The Past
Flanigan'S Enterprises's stock fell -6.7% during the 2025 US Tariff Shock. Such a loss loss requires a 7.2% gain to breakeven.
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Asset Allocation
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| Event | BDL | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -57.0% | -33.7% |
| % Gain to Breakeven | 132.8% | 50.9% |
| Time to Breakeven | 299 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -35.8% | -12.2% |
| % Gain to Breakeven | 55.7% | 13.9% |
| Time to Breakeven | 475 days | 62 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -63.6% | -53.4% |
| % Gain to Breakeven | 174.6% | 114.4% |
| Time to Breakeven | 653 days | 1085 days |
In The Past
Flanigan'S Enterprises's stock fell -6.7% during the 2025 US Tariff Shock. Such a loss loss requires a 7.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Flanigan'S Enterprises (BDL)
Flanigan's Enterprises (BDL) Business Overview
Flanigan's Enterprises, Inc. (BDL) is a company primarily engaged in the hospitality and retail alcohol sectors within South Florida. It operates a dual business model consisting of a chain of full-service restaurants and a network of package liquor stores. This integrated approach allows the company to cater to a broad base of local consumers seeking both dining experiences and convenient access to alcoholic beverages.
The company's main offerings are divided into two segments. Under the "Flanigan's Seafood Bar and Grill" brand, Flanigan's operates restaurants that provide a complete food menu along with a selection of alcoholic beverages. Concurrently, its "Big Daddy's Liquors" package stores offer a variety of alcoholic products, including private label liquors, beer, and wines, for off-premise consumption. Many of Flanigan's locations strategically combine both restaurant and liquor store operations, enhancing customer convenience.
As of its most recent disclosure, Flanigan's Enterprises managed 27 company-owned units across South Florida, encompassing restaurants, package liquor stores, and combined facilities. Additionally, it franchises 5 units. This established presence allows Flanigan's to serve the general public, including residents and visitors, throughout its operating region as its primary customer base.
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1. Imagine a regional Chili's or Applebee's, but many restaurants are directly attached to their own package liquor stores.
2. Like a Florida-based Outback Steakhouse that also owns a chain of liquor stores.
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Major Products/Services of Flanigan's Enterprises (BDL)
- Package Liquor Stores: Operates under the Big Daddy's Liquors name, selling private label liquors, beer, and wines.
- Restaurants: Operates as Flanigan's Seafood Bar and Grill, providing full food services and alcoholic beverages.
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Flanigan's Enterprises (BDL) primarily sells its products and services directly to individual consumers.
Its major customer categories are:
- Restaurant Patrons: Individuals who frequent Flanigan's Seafood Bar and Grill locations for full-service dining, including food and alcoholic beverages.
- Liquor Store Consumers: Individuals who purchase private label liquors, beer, and wines from Big Daddy's Liquors stores for off-premise consumption.
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James G. Flanigan II has been the Chief Executive Officer of Flanigan's Enterprises since 2005, having previously served as President from 2002 and a Director since 1991. He stepped down as President and Chairman of the Board on January 8, 2026, but remains Chief Executive Officer and a director. He is the son of the company's founder, Joseph "Big Daddy" Flanigan, who established the initial business focusing on lounges and package liquor stores in 1959. Mr. Flanigan has also served as a Vice President and shareholder of Twenty Seven Birds Corporation, a franchisee of Flanigan's, since 1985. He is the sole Manager of Flanigan Family Stock Holdings, LLC (FFSH), which controls significant voting and investment power over the company's shares, contributing to Flanigan's Enterprises being considered a "controlled company."
Allison Govoni, Chief Financial OfficerAllison Govoni was appointed Chief Financial Officer of Flanigan's Enterprises effective January 8, 2026, succeeding Jeffrey D. Kastner. She joined the company in 2007 and has held various positions within the accounting department, including Director of Accounting and Corporate Controller from 2017 to 2024.
Christopher O'Neil, PresidentChristopher O'Neil was named President of Flanigan's Enterprises effective January 8, 2026, taking over from James G. Flanigan II in that role. Prior to this appointment, he served as the Vice President of Package Operations. Mr. O'Neil also continues to serve as a director of the company.
Peter Bruce, Chief Operating OfficerPeter Bruce was appointed Chief Operating Officer of Flanigan's Enterprises effective January 8, 2026, succeeding August H. Bucci. He joined the company in 2016 and has held several management roles within the restaurant division, including Director of Operations from 2022 to 2026 and Supervisor of Operations from 2018 to 2022.
Jeffrey D. Kastner, Chief Legal Officer and Chairman of the BoardJeffrey D. Kastner transitioned from his role as Chief Financial Officer to Chief Legal Officer and Chairman of the Board effective January 8, 2026. He also maintains his positions as General Counsel, Secretary, and a director of the company. Mr. Kastner has a long history with Flanigan's, having joined the Board of Directors in 1985, serving as a corporate attorney for the company from 1979 to 1982, and as general counsel since 1982. He was also President of his law firm, Jeffrey D. Kastner, P.A., from 1983 through 2004.
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Flanigan's Enterprises, Inc. (symbol: BDL) faces several key risks inherent to its business model of operating full-service restaurants and package liquor stores, particularly given its geographic concentration.
- Geographical Concentration and Exposure to Natural Disasters: A primary risk for Flanigan's Enterprises is its heavy concentration in South Florida. This geographical focus makes the company highly vulnerable to regional economic downturns and, significantly, to natural disasters such as hurricanes. Such events can cause extensive property damage, disrupt operations, deter tourism, and negatively impact the local economy, thereby affecting the company's revenue and profitability.
- Highly Competitive Industry and Rising Operating Costs: The company operates in the intensely competitive restaurant and package liquor store industries. A continuous challenge is managing rising operating costs, including increases in food, fuel, and labor expenses due to inflation. These escalating costs can put significant pressure on profit margins, requiring the company to implement strategic price increases and cost control measures to maintain profitability.
- Regulatory Compliance and Liquor Liability: Flanigan's Enterprises is subject to extensive federal, state, and local regulations pertaining to labor, health, safety, and particularly, alcohol sales. Non-compliance with these regulations can lead to fines, penalties, or even loss of licenses. Furthermore, the company faces significant liquor liability risks, including potential legal ramifications under "dram shop" statutes for serving intoxicated individuals or liability for serving underage patrons, which could result in substantial legal and financial costs.
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The rise of online alcohol delivery platforms poses an emerging threat to Flanigan's Enterprises' Package Stores segment. These platforms offer consumers direct-to-door delivery of beer, wine, and spirits, challenging the traditional brick-and-mortar retail model of Big Daddy's Liquors by providing a convenient alternative for purchasing alcoholic beverages.
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The addressable markets for Flanigan's Enterprises (symbol: BDL) main products and services in Florida are as follows:
For its full-service restaurants, operating under the Flanigan's Seafood Bar and Grill service mark, the addressable market size is approximately $66.1 billion in annual sales for full-service restaurants in Florida (as of 2023).
For its package liquor stores, operating under the Big Daddy's Liquors name, the addressable market for spirits is over $9 billion in annual sales in Florida (as of 2022). In Florida, spirits are exclusively available from package stores.
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- Strategic Price Increases: Flanigan's Enterprises has been implementing targeted menu and bar price increases to preserve margins amidst inflation and drive revenue growth. This strategy has contributed to expanding gross profit margins in its restaurant and bar segment.
- Increased Customer Traffic and Sales Volume: The company anticipates continued growth in both restaurant food and bar sales, as well as package liquor store sales, driven by an expected increase in customer traffic. Recent results have shown higher sales in both operating segments, indicating ongoing consumer demand.
- New Location Openings: Expansion through new restaurant and package liquor store locations is a driver of revenue growth. The opening of new units, such as the Hollywood, FL location, has demonstrably contributed to top-line performance.
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Capital Expenditures
- Capital expenditures for the quarter ended December 27, 2025, totaled $595,000, which included renovation spending at several company-owned locations.
- In the fourth quarter of fiscal 2025, Flanigan's Enterprises acquired undeveloped land in Cutler Bay, Florida, for $2.2 million in cash, intended for a future restaurant site.
- The company anticipates that its current cash on hand and positive operating cash flow will be sufficient to cover operations and planned capital expenditures for at least the next 12 months.
Peer Outperformance in Restaurants
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| BDL | Flanigan'S Enterprises | 7.9% | 12.7x | 67.9% | 54.3% | 103.5% | — |
| CAKE | Cheesecake Factory | 4.4% | 26.8x | 85.0% | 263.4% | 157.2% | +54pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services | 14 | -21.1% | 83.9% | 72.4% | LINC 306% · PRDO 236% · CVSA 229% |
| Homebuilding | 18 | -14.7% | 18.5% | 42.6% | GRBK 208% · PHM 163% · TOL 140% |
| Specialty Stores | 7 | 11.7% | 34.7% | 16.4% | SIG 39% · FIVE 32% · ASO 27% |
| Automotive Retail | 18 | -11.4% | 2.8% | 10.7% | MUSA 268% · PAG 171% · ORLY 118% |
| Home Improvement Retail | 5 | -26.1% | -9.5% | 5.2% | HVT 16% · LOW 6% · HD 5% |
| Hotels, Resorts & Cruise Lines | 22 | 12.9% | 43.5% | 4.0% | RCL 225% · MAR 145% · HLT 136% |
| Distributors | 4 | -12.0% | -24.5% | -8.5% | ARMK 165% · GPC 29% · LKQ -46% |
| Specialized Consumer Services | 10 | -16.0% | 26.2% | -11.9% | HRB 117% · FTDR 75% · SCI 44% |
| Home Furnishings | 4 | -6.7% | 18.5% | -14.0% | SGI 48% · LZB 4% · MHK -32% |
| Restaurants ← | 34 | -12.2% | -17.2% | -14.7% | EAT 337% · CAKE 157% · BH 134% |
| Footwear | 9 | 42.7% | 43.7% | -24.7% | WEYS 162% · SHOO 24% · DECK 12% |
| Leisure Products | 13 | -22.4% | -19.6% | -34.1% | GOLF 82% · HAS 15% · BC -19% |
| Casinos & Gaming | 20 | -8.7% | -23.6% | -36.1% | MCRI 117% · RSI 67% · RRR 58% |
| Leisure Facilities | 11 | -4.0% | -12.8% | -37.1% | OSW 132% · JAKK 106% · ESCA 19% |
| Apparel Retail | 25 | -9.5% | 10.4% | -38.1% | ANF 314% · URBN 147% · ROST 117% |
| Automotive Parts & Equipment | 38 | -10.7% | -11.0% | -38.4% | MOD 1601% · GTX 301% · STRT 92% |
| Apparel, Accessories & Luxury Goods | 27 | -7.6% | 8.6% | -40.3% | TPR 236% · RL 236% · ELA 224% |
| Household Appliances | 18 | -1.8% | 13.7% | -43.8% | FLXS 174% · KEQU 165% · HBB 124% |
| Broadline Retail | 15 | -12.2% | 12.4% | -54.3% | DDS 317% · EBAY 65% · AMZN 49% |
| Computer & Electronics Retail | 3 | -15.2% | 15.4% | -57.5% | BBY 3% · GME -58% · UPBD -59% |
| Automobile Manufacturers | 8 | -78.1% | -50.5% | -71.5% | GM 76% · F 48% · TSLA 47% |
| Other Specialty Retail | 18 | -31.0% | -49.5% | -77.3% | TLF 109% · BBW 93% · WINA 79% |
| Consumer Electronics | 11 | -13.5% | -8.8% | -77.8% | AXIL 2979% · GRMN 85% · MSN -58% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Can Flanigan'S Enterprises Stock Recover If Markets Fall? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 141.96 |
| Mkt Cap | 6.9 |
| Rev LTM | 4,893 |
| Op Inc LTM | 380 |
| FCF LTM | 303 |
| FCF 3Y Avg | 245 |
| CFO LTM | 572 |
| CFO 3Y Avg | 468 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.5% |
| Rev Chg 3Y Avg | 8.0% |
| Rev Chg Q | 8.0% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Inc Chg LTM | 11.5% |
| Op Inc Chg 3Y Avg | 12.4% |
| Op Mgn LTM | 7.4% |
| Op Mgn 3Y Avg | 7.5% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 11.0% |
| CFO/Rev 3Y Avg | 9.9% |
| FCF/Rev LTM | 5.9% |
| FCF/Rev 3Y Avg | 4.9% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Restaurant | 161 | 149 | 140 | 124 | 105 |
| Package stores | 47 | 40 | 35 | 32 | 29 |
| Franchise related revenues | 2 | 2 | |||
| Other revenues | 0 | 0 | 3 | 3 | |
| Eliminations | -5 | -4 | -13 | ||
| Corporate | 12 | ||||
| Total | 205 | 187 | 174 | 158 | 137 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Restaurant | 14 | 11 | 12 | 6 | 9 |
| Package stores | 3 | 3 | 2 | 3 | 2 |
| Eliminations | -1 | -0 | -1 | ||
| Corporate | -8 | -8 | -6 | ||
| Corporate expenses, net of other revenues | -2 | -2 | |||
| Total | 9 | 6 | 7 | 7 | 9 |
| $ Mil | 2025 | 2024 | 2023 |
|---|---|---|---|
| Restaurant | 11 | 10 | 10 |
| Package stores | 4 | 3 | 2 |
| Eliminations | -2 | -1 | -1 |
| Corporate | -8 | -8 | -7 |
| Total | 5 | 3 | 4 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Restaurant | 76 | 78 | 77 | 74 | 68 |
| Corporate | 40 | 41 | 45 | 54 | 44 |
| Package stores | 24 | 23 | 24 | 20 | 16 |
| Total | 141 | 142 | 146 | 147 | 128 |
Price Behavior
| Market Price | $45.42 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 09/07/1984 | |
| Distance from 52W High | -12.3% | |
| 50 Days | 200 Days | |
| DMA Price | $39.57 | $31.30 |
| DMA Trend | up | up |
| Distance from DMA | 14.8% | 45.1% |
| 3M | 1YR | |
| Volatility | 76.2% | 70.1% |
| Downside Capture | 83.53 | 46.90 |
| Upside Capture | 193.98 | 105.48 |
| Correlation (SPY) | 22.6% | 12.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.21 | 1.60 | 0.88 | 0.64 | 0.55 | 0.21 |
| Up Beta | 0.07 | 0.33 | 1.59 | 1.03 | 1.21 | 0.26 |
| Down Beta | -6.73 | 2.31 | 0.19 | 0.19 | 0.53 | 0.16 |
| Up Capture | 113% | 207% | 177% | 92% | 48% | 8% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 14 | 24 | 35 | 57 | 101 | 276 |
| Down Capture | -124% | 179% | 6% | 32% | 1% | 30% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 7 | 18 | 28 | 52 | 100 | 313 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BDL | |
|---|---|---|---|---|
| BDL | 163.9% | 67.8% | 2.33 | - |
| Sector ETF (XLY) | -2.4% | 19.5% | -0.25 | 13.9% |
| Equity (SPY) | 18.3% | 12.8% | 1.03 | 14.1% |
| Gold (GLD) | 19.0% | 29.2% | 0.59 | 2.2% |
| Commodities (DBC) | 48.3% | 20.6% | 1.80 | -18.4% |
| Real Estate (VNQ) | 7.6% | 13.6% | 0.29 | 0.1% |
| Bitcoin (BTCUSD) | -32.4% | 43.8% | -0.77 | 9.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BDL | |
|---|---|---|---|---|
| BDL | 26.1% | 47.8% | 0.83 | - |
| Sector ETF (XLY) | 5.1% | 24.1% | 0.17 | 9.0% |
| Equity (SPY) | 12.5% | 17.2% | 0.55 | 8.3% |
| Gold (GLD) | 18.7% | 18.8% | 0.81 | 0.9% |
| Commodities (DBC) | 11.4% | 19.5% | 0.46 | -3.8% |
| Real Estate (VNQ) | 0.7% | 18.9% | -0.07 | 2.8% |
| Bitcoin (BTCUSD) | 9.4% | 52.6% | 0.36 | 8.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BDL | |
|---|---|---|---|---|
| BDL | 13.3% | 48.0% | 0.48 | - |
| Sector ETF (XLY) | 12.0% | 22.2% | 0.49 | 15.1% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 15.4% |
| Gold (GLD) | 12.3% | 16.3% | 0.62 | 3.3% |
| Commodities (DBC) | 8.7% | 18.1% | 0.39 | 2.3% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 13.3% |
| Bitcoin (BTCUSD) | 63.2% | 66.2% | 1.03 | 3.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/11/2026 | 10-Q |
| 03/31/2026 | 05/12/2026 | 10-Q |
| 12/31/2025 | 02/10/2026 | 10-Q |
| 09/30/2025 | 12/19/2025 | 10-K |
| 06/30/2025 | 08/12/2025 | 10-Q |
| 03/31/2025 | 05/19/2025 | 10-Q |
| 12/31/2024 | 02/11/2025 | 10-Q |
| 09/30/2024 | 12/27/2024 | 10-K |
| 06/30/2024 | 08/13/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 02/13/2024 | 10-Q |
| 09/30/2023 | 12/29/2023 | 10-K |
| 06/30/2023 | 08/15/2023 | 10-Q |
| 03/31/2023 | 05/16/2023 | 10-Q |
| 12/31/2022 | 03/15/2023 | 10-Q |
| 09/30/2022 | 01/18/2023 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/11/2026 | 10-Q |
| 03/31/2026 | 05/12/2026 | 10-Q |
| 12/31/2025 | 02/10/2026 | 10-Q |
| 09/30/2025 | 12/19/2025 | 10-K |
| 06/30/2025 | 08/12/2025 | 10-Q |
| 03/31/2025 | 05/19/2025 | 10-Q |
| 12/31/2024 | 02/11/2025 | 10-Q |
| 09/30/2024 | 12/27/2024 | 10-K |
| 06/30/2024 | 08/13/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 02/13/2024 | 10-Q |
| 09/30/2023 | 12/29/2023 | 10-K |
| 06/30/2023 | 08/15/2023 | 10-Q |
| 03/31/2023 | 05/16/2023 | 10-Q |
| 12/31/2022 | 03/15/2023 | 10-Q |
| 09/30/2022 | 01/18/2023 | 10-K |
| 06/30/2022 | 08/16/2022 | 10-Q |
| 03/31/2022 | 05/24/2022 | 10-Q |
| 12/31/2021 | 02/22/2022 | 10-Q |
| 09/30/2021 | 01/14/2022 | 10-K |
| 06/30/2021 | 08/17/2021 | 10-Q |
| 03/31/2021 | 05/21/2021 | 10-Q |
| 12/31/2020 | 02/22/2021 | 10-Q |
| 09/30/2020 | 01/15/2021 | 10-K |
| 06/30/2020 | 08/12/2020 | 10-Q |
| 03/31/2020 | 06/26/2020 | 10-Q |
| 12/31/2019 | 02/11/2020 | 10-Q |
| 09/30/2019 | 12/20/2019 | 10-K |
Insider Activity
Updated 5/22/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Flanigan, James II | Chief Executive Officer | Direct | Buy | 5222026 | 31.46 | 76 | 2,391 | 30,895,985 | Form |
| 2 | Flanigan, James II | Chief Executive Officer | Direct | Buy | 5222026 | 31.76 | 1,899 | 60,306 | 31,247,686 | Form |
| 3 | Flanigan, James II | Chief Executive Officer | Direct | Buy | 5222026 | 30.00 | 25 | 750 | 29,519,880 | Form |
| 4 | Flanigan, James II | CEO, President | Direct | Buy | 1022026 | 30.00 | 866 | 25,980 | 29,429,880 | Form |
| 5 | Flanigan, James II | CEO, President | Direct | Buy | 1022026 | 29.89 | 1,000 | 29,886 | 29,347,481 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Flanigan, James II | Chief Executive Officer | Direct | Buy | 5222026 | 31.46 | 76 | 2,391 | 30,895,985 | Form |
| 2 | Flanigan, James II | Chief Executive Officer | Direct | Buy | 5222026 | 31.76 | 1,899 | 60,306 | 31,247,686 | Form |
| 3 | Flanigan, James II | Chief Executive Officer | Direct | Buy | 5222026 | 30.00 | 25 | 750 | 29,519,880 | Form |
| 4 | Flanigan, James II | CEO, President | Direct | Buy | 1022026 | 30.00 | 866 | 25,980 | 29,429,880 | Form |
| 5 | Flanigan, James II | CEO, President | Direct | Buy | 1022026 | 29.89 | 1,000 | 29,886 | 29,347,481 | Form |
| 6 | Flanigan, James II | COO, President | Direct | Buy | 5292025 | 25.39 | 10,940 | 277,776 | 24,886,354 | Form |
| 7 | Bucci, August | Chief Operating Off. | Direct | Buy | 5292025 | 26.73 | 2,000 | 53,460 | 122,958 | Form |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Restaurants Resources |
| Nation's Restaurant News |
| Restaurant Business |
| QSR Magazine |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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