Flanigans Enterprises Inc
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Why this colour
For green, clarity is missing on two open operating questions: the FLSA class action running since 03/31/2025 is uninsured and its potential size unquantified — a genuine uncertainty for earnings, even though the costs so far (SG&A +31.47 percent in the quarter) remain small. Add to that the business's near-total concentration in South Florida, where the company itself warns that windstorm insurance may become harder to obtain. For red, the substance evidence is missing: there is no going-concern language, the balance sheet is solid with $28.8 million in cash against $31.4 million in total debt and $89.5 million in net real estate book value, operating cash flow over 39 weeks is clearly positive at $12.825 million, and the business model itself has been profitable for decades. The narrow shareholder base and thin trading are deliberately excluded from this rating — those are price and liquidity questions, not questions about the company's quality. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
Flanigan's Enterprises is a solid, profitable family business with a record quarter, a rising dividend, and considerable real estate substance — but also a stock that effectively belongs to the Flanigan family (62.3 percent held by officers and directors, only 149 shareholders of record), is almost entirely concentrated in a single hurricane zone, and has faced an uninsured FLSA class action of unquantified size since 03/31/2025. Investors get substance without a say. Not investment advice.
Brand & business model
A 66-year-old, clearly profitable two-sided business of restaurants and package liquor stores with 32 self-operated/controlled plus 5 franchise units in South Florida (as of 09/27/2025). The limited-partnership structure with a 3 percent brand fee plus profit share has been proven for decades.
Numbers & latest quarter
A record quarter: revenue $56.2 million (+8.3 percent, Q3 fiscal 2026), EPS $1.11 after $0.75 in the prior-year quarter, operating cash flow over 39 weeks $12.825 million (prior year: $7.150 million). Growth across all three segments, driven by price increases and more guests, not by one-time items.
Balance sheet & real estate
Real estate with a net book value of $89.5 million plus $28.8 million in cash against only $31.4 million in total debt (as of 06/27/2026); 13 company-owned locations plus the newly acquired Stuart Property ($8.45 million, paid entirely in cash). The dividend has risen for years ($0.50 → $0.55 → $0.60, fiscal 2024–2026).
FLSA lawsuit & governance
An uninsured FLSA class action with roughly 50 plaintiffs has been running since 03/31/2025, with an unquantified potential size; administrative expense rose 31.47 percent in the third quarter because of it. On top, a "controlled company" structure with 62.3 percent voting share held by officers and directors, no compensation committee, and several related-party family franchises.
Concentration risk & illiquidity
Aside from one location, the entire business sits in South Florida — a hurricane zone where windstorm insurance may, per the company's own risk factor, become harder to obtain on reasonable terms. On top, only about 149 shareholders of record and a float of 528,190 shares: buying or selling in size is practically impossible.
Worth Noting
This analysis was triggered by the quarterly report (10-Q) for the third quarter of fiscal year 2026 (13 weeks through 06/27/2026), filed 08/11/2026 — a routine mandatory filing, not a headline event. Data cut-off for all research: 08/12/2026.
Fiscal year 2026 ends 10/03/2026 and therefore derives to 53 weeks instead of the usual 52 (fiscal 2025/2024 each ran 52); annual and Q4 comparisons in the upcoming annual report should be read adjusted accordingly.
Because of the limited-partnership structure, roughly 40 percent of consolidated net income goes to outside partnership investors (non-controlling interests); reported earnings per share (EPS) correctly reflects only the share belonging to Flanigan's stockholders.
Stock Watch
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 27.60 $ to 51.80 $ · Last price: 44.20 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Restaurants
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Flanigans Enterprises Inc BDL | 0.1 | 14.8 | 5.7 | 23.6 | – | 9.0 | 62.3 |
| McDonald’s Corporation MCD | 176.6 | 21.4 | 15.4 | 57.4 | 44.3 | 3.7 | -16.4 |
| Starbucks Corporation SBUX | 110.2 | 75.7 | 24.8 | 22.3 | 8.4 | 2.8 | 19.1 |
| Chipotle Mexican Grill Inc CMG | 43.0 | 30.7 | 22.5 | 39.4 | 13.3 | 5.4 | -14.3 |
| Yum! Brands Inc YUM | 37.2 | 23.2 | 17.5 | 45.3 | 31.1 | 8.8 | -5.0 |
| Restaurant Brands International Inc. QSR | 33.2 | 23.9 | 14.5 | 34.1 | 25.9 | 12.2 | 19.0 |
| Darden Restaurants Inc DRI | 23.9 | 20.8 | 14.4 | 21.7 | 14.3 | 6.0 | 2.2 |
| Yum China Holdings Inc YUMC | 14.2 | 15.2 | 8.4 | 20.3 | 11.5 | 4.4 | -4.9 |
| Texas Roadhouse Inc TXRH | 11.0 | 28.0 | 18.1 | 16.3 | 9.0 | 9.4 | 3.2 |
| Median of companies shown | 33.2 | 23.2 | 15.4 | 23.6 | 13.8 | 6.0 | 2.2 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 104 | 7 | 3 | 1.64 | 9 | 29 | 57 |
| 2017 | 107 | 6 | 3 | 1.62 | 8 | 32 | 61 |
| 2018 | 113 | 7 | 4 | 1.98 | 10 | 35 | 67 |
| 2019 | 116 | 6 | 5 | 2.89 | 10 | 38 | 69 |
| 2020 | 113 | 3 | 1 | 0.60 | 9 | 39 | 112 |
| 2021 | 137 | 9 | 12 | 6.34 | 14 | 51 | 128 |
| 2022 | 158 | 7 | 6 | 3.40 | 11 | 56 | 147 |
| 2023 | 174 | 7 | 4 | 2.15 | 8 | 59 | 146 |
| 2024 | 188 | 6 | 3 | 1.81 | 7 | 61 | 142 |
| 2025 | 205 | 8 | 5 | 2.71 | 11 | 65 | 141 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 0.03 | -49.50 | 50 | 11.30 | 0.10 | 8 | 7 |
| 2025: Q1 | 1.45 | 38.50 | 53 | 11.00 | 5.00 | -2 | -3 |
| 2025: Q2 | 0.75 | 24.20 | 52 | 6.40 | 2.70 | 1 | -2 |
| 2025: Q3 | 0.48 | 387.00 | 49 | 6.90 | 1.80 | 3 | 2 |
| 2025: Q4 | 0.43 | 1,363.60 | 53 | 4.60 | 1.50 | 5 | 4 |
| 2026: Q1 | 1.55 | 6.90 | 57 | 5.90 | 5.10 | 2 | 3 |
| 2026: Q2 | 1.11 | 48.00 | 56 | 7.70 | 3.70 | 6 | -4 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 9 of our scanner strategies — each hit links to the scanner.
Quality & Balance Sheet
Breakout & Setup
Momentum & Trend
- 21-EMA Trend
- Above the 50- & 200-SMA
- Gary Antonacci: Dual Momentum (Stock Adaptation)
- Mark Minervini: Trend Criteria — 1 Month
- Power Trend
- Stan Weinstein: Stage 2
Research
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Valuation
What is priced in?
Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.
Today’s market value implies roughly 2.9% growth in free cash flow per year over ten years (assumptions: discount rate 10.0%, terminal growth 2.5%).
| Free cash flow (last twelve months) | $5.7M |
|---|---|
| Market cap | $80.0M |
| Free cash flow in year ten | $7.6M |
| Terminal value as a share of market value | 49.8% |
For comparison: over the past five years free cash flow shrank by 5.6% per year.
It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Restaurant- und Spirituosen-Einzelhändler in Südflorida; in vier Quartalsberichten (10-Q) und zwei Geschäftsberichten (10-K) findet sich keine einzige Erwähnung von künstlicher Intelligenz oder maschinellem Lernen — weder als Produkt noch als Werkzeug noch als Risiko.
View the full file — quotes, sources, reviewed filings
Filings Reviewed: 10-Q 2026-08-11 · 10-Q 2026-05-12 · 10-Q 2026-02-10 · 10-Q 2025-08-12 · 10-K 2025-12-19 · 10-K 2024-12-27
Rated on August 12, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 9.1%
- More than 10% revenue growth is expected for the coming year no data
- Share count grows by less than 3% a year 0.0%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 11.1%
- Gross margin at 40% or higher and without meaningful erosion 19.0%
- Goodwill from acquisitions does not grow faster than revenue 0.0%
- Net debt below twice EBITDA 1.6 x EBITDA
- Operating cash flow covers the profits of the last three years 13 m
- Return on capital at 15% or higher, or up versus two years ago 6.6%
- Insiders hold at least 10% or are net buyers 79.2%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
3/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 7.9%
- Exp. sales growth 3Y > 5% –
- EBIT growth 10Y > 5% 2.0%
- Exp. EBIT growth 3Y > 5% –
- Net debt < 4x EBIT 3.3x
- EBIT positive, 10Y straight 10
- Max. EBIT decline < 50% 60.9%
- Return on equity > 15% 7.9%
- ROCE > 15% 6.6%
- Expected return > 10% –
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
The company
About the Company
Flanigan's Enterprises, Inc. betreibt zusammen mit seinen Tochtergesellschaften eine Kette von Full-Service-Restaurants und Spirituosengeschäften in Südflorida.
- Employees
- 773
- Headquarters
- Fort Lauderdale, FL
- Address
- 5059 N.E. 18th Avenue, 33334 Fort Lauderdale, United States
- Phone
- 954 377 1961
- Website
- flanigans.net
- IPO Date
- 09/07/1984
- ISIN
- US3385171059
- Stock Split
- 2:1 on 04/05/1999
Management
| Name | Title | Birth Year |
|---|---|---|
| Jeffrey D. Kastner | General Counsel, Chief Legal Officer, Secretary & Chairman | 1954 |
| James G. Flanigan II | CEO & Director | 1965 |
| Christopher Barry O'Neil | President & Director | 1966 |
| Allison Govoni | Chief Financial Officer | 1985 |
| Peter Bruce | Chief Operating Officer | 1970 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.