below is code that benchmarks 4 different methods. results are shown in code in comment "BENCHMARK: .. nSec". 
"((enum & flag) != 0)' is 10x faster than HasFlag() function. if you are in a tight loop, then i think it is best to accept it.
    public static int jumpCtr=0;
    public static int ctr=0;
    public static TestFlags gTestFlags = TestFlags.C;
    [Flags] public enum TestFlags { A=1<<1, B=1<<2, C=1<<3 }
    public static void Jump()  { jumpCtr++; gTestFlags = (gTestFlags == TestFlags.B) ? TestFlags.C : TestFlags.B;  }
    // IsEnumFlagPresent() https://stackoverflow.com/questions/987607/c-flags-enum-generic-function-to-look-for-a-flag
    [MethodImpl(MethodImplOptions.AggressiveInlining)] public static bool HasFlag_Faster<T>(T value, T lookingForFlag) 
        where T : struct
    {
        int intValue                = (int) (object) value;
        int intLookingForFlag       = (int) (object) lookingForFlag;
        return ((intValue & intLookingForFlag) != 0);
    }
    // IsEnumFlagPresent() https://stackoverflow.com/questions/987607/c-flags-enum-generic-function-to-look-for-a-flag
    [MethodImpl(MethodImplOptions.AggressiveInlining)] public static bool HasFlag_Faster_Integer(int intValue, int intLookingForFlag) 
    {
        return ((intValue & intLookingForFlag) != 0);
    }
    public static void Benchmark_HasFlag( )  
    {
        if ( ! hwDvr._weAreOnGswCpu) { return; }
        DateTime timer = DateTime.Now; 
        string a, b, c, d, e;
        double base_nSecPerLoop, b_nSecPerLoop, c_nSecPerLoop, d_nSecPerLoop, e_nSecPerLoop;
        int numOfLoops = (int) 1.0e6;
        //  ------------------------------------------------------
        for (int i=0; i<numOfLoops;i++) {
            Jump();
        }
        a = BenchMarkSystem_Helper.SimpleTimer_Loops( ref timer, numOfLoops, out base_nSecPerLoop);
        //  ------------------------------------------------------
        //  BENCHMARK: 50 nSec
        for (int i=0; i<numOfLoops;i++) {
            if (gTestFlags.HasFlag((TestFlags) TestFlags.C)) {   
                ctr++;
            }
            Jump();
        }
        b = BenchMarkSystem_Helper.SimpleTimer_Loops( ref timer, numOfLoops, out b_nSecPerLoop );
        double b_diff = b_nSecPerLoop - base_nSecPerLoop;
        //  ------------------------------------------------------
        //  BENCHMARK: 3 nSec
        for (int i=0; i<numOfLoops;i++) {
            if ((gTestFlags & TestFlags.C) != 0) {   
                ctr++;
            }
            Jump();
        }
        c = BenchMarkSystem_Helper.SimpleTimer_Loops( ref timer, numOfLoops, out c_nSecPerLoop );
        double c_diff = c_nSecPerLoop - base_nSecPerLoop;
        //  ------------------------------------------------------
        //  BENCHMARK: 64 nSec
        for (int i=0; i<numOfLoops;i++) {
            if (HasFlag_Faster<TestFlags>(value:gTestFlags, lookingForFlag: TestFlags.C)) {   
                ctr++;
            }
            Jump();
        }
        d = BenchMarkSystem_Helper.SimpleTimer_Loops( ref timer, numOfLoops, out d_nSecPerLoop );
        double d_diff = d_nSecPerLoop - base_nSecPerLoop;
        //  ------------------------------------------------------
        //  BENCHMARK: 14 nSec
        for (int i=0; i<numOfLoops;i++) {
            if (HasFlag_Faster_Integer((int)gTestFlags, (int)TestFlags.C)) {   
                ctr++;
            }
            Jump();
        }
        e = BenchMarkSystem_Helper.SimpleTimer_Loops( ref timer, numOfLoops, out e_nSecPerLoop );
        double e_diff = e_nSecPerLoop - base_nSecPerLoop;
        int brkPt=0;
    }