Flanigan’s Enterprises (NYSEAMERICAN:BDL) Stock Crosses Above 200-Day Moving Average – Here’s Why

Shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $31.25 and traded as high as $34.60. Flanigan’s Enterprises shares last traded at $34.60, with a volume of 420 shares.

Flanigan’s Enterprises Stock Performance

The firm has a market cap of $64.36 million, a PE ratio of 11.13 and a beta of 0.29. The stock has a 50-day moving average price of $32.70 and a 200 day moving average price of $31.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.65 and a quick ratio of 1.29.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last released its earnings results on Tuesday, February 10th. The company reported $0.43 earnings per share for the quarter. Flanigan’s Enterprises had a return on equity of 7.34% and a net margin of 2.79%.The firm had revenue of $52.57 million for the quarter.

Insider Activity at Flanigan’s Enterprises

In related news, CEO James Flanigan II acquired 1,000 shares of the business’s stock in a transaction dated Friday, December 26th. The shares were acquired at an average cost of $29.89 per share, for a total transaction of $29,890.00. Following the acquisition, the chief executive officer directly owned 981,996 shares in the company, valued at approximately $29,351,860.44. The trade was a 0.10% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 62.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Flanigan’s Enterprises

A number of institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC acquired a new position in Flanigan’s Enterprises during the second quarter worth approximately $249,000. Empowered Funds LLC boosted its holdings in shares of Flanigan’s Enterprises by 3.1% in the 1st quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock valued at $364,000 after purchasing an additional 445 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Flanigan’s Enterprises by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company’s stock valued at $2,032,000 after purchasing an additional 516 shares during the last quarter. 11.03% of the stock is currently owned by hedge funds and other institutional investors.

About Flanigan’s Enterprises

Flanigan’s Enterprises, Inc operates as a regional distributor of beer, wine and distilled spirits, serving a range of retail and on-premise accounts throughout Florida. The company manages a network of wholesale distribution centers and provides a portfolio of both domestic and imported beverage brands. Through its Beverage Distribution & Logistics segment, Flanigan’s delivers products to grocery stores, convenience markets, restaurants, bars and clubs, leveraging its industry relationships to secure a diverse assortment of products for its customers.

To support its distribution operations, Flanigan’s Enterprises maintains warehousing, transportation and inventory management capabilities.