Flanigan’s Enterprises (NYSEAMERICAN:BDL) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $31.00. Flanigan’s Enterprises shares last traded at $31.00, with a volume of 1,998 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen started coverage on Flanigan’s Enterprises in a report on Monday, May 19th. They issued a “hold” rating on the stock.

Flanigan’s Enterprises Price Performance

The company’s fifty day moving average is $26.94. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.69. The stock has a market cap of $57.66 million, a price-to-earnings ratio of 14.22 and a beta of 0.22.

Flanigan’s Enterprises Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.55 per share. This is an increase from Flanigan’s Enterprises’s previous annual dividend of $0.50. This represents a yield of 1.8%. The ex-dividend date is Thursday, June 12th. Flanigan’s Enterprises’s payout ratio is 31.07%.

Insider Buying and Selling at Flanigan’s Enterprises

In related news, COO James Flanigan II acquired 10,940 shares of the company’s stock in a transaction on Wednesday, May 21st. The shares were purchased at an average price of $25.39 per share, for a total transaction of $277,766.60. Following the purchase, the chief operating officer now owns 980,130 shares in the company, valued at $24,885,500.70. This represents a 1.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider August Bucci purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, May 21st. The stock was bought at an average cost of $26.73 per share, for a total transaction of $53,460.00. Following the completion of the purchase, the insider now directly owns 4,600 shares of the company’s stock, valued at $122,958. The trade was a 76.92% increase in their position. The disclosure for this purchase can be found here. Company insiders own 54.70% of the company’s stock.

Hedge Funds Weigh In On Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC boosted its holdings in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 3.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,725 shares of the company’s stock after buying an additional 445 shares during the quarter. Empowered Funds LLC owned about 0.79% of Flanigan’s Enterprises worth $364,000 at the end of the most recent quarter. 11.03% of the stock is owned by institutional investors and hedge funds.

Flanigan’s Enterprises Company Profile

Flanigan’s Enterprises, Inc, together with its subsidiaries, operates a chain of full-service restaurants and package liquor stores in South Florida. The company operates in two segments, Package Stores and Restaurants. It operates package liquor stores under the Big Daddy’s Liquors name, which offer private label liquors, beer, and wines; and restaurants under the Flanigan’s Seafood Bar and Grill service mark that provide alcoholic beverages and full food services.