Flanigan’s Enterprises (NYSEAMERICAN:BDL) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.59 and traded as high as $34.00. Flanigan’s Enterprises shares last traded at $34.00, with a volume of 7,710 shares traded.

Flanigan’s Enterprises Price Performance

The company has a 50-day moving average of $31.63 and a two-hundred day moving average of $31.59. The stock has a market capitalization of $63.24 million, a PE ratio of 10.59 and a beta of 0.33. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.84 and a quick ratio of 1.47.

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 7.46% and a net margin of 2.84%.The firm had revenue of $52.57 million for the quarter.

Flanigan’s Enterprises Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, June 26th. Investors of record on Wednesday, June 10th will be given a dividend of $0.60 per share. This represents a yield of 181.0%. This is a boost from Flanigan’s Enterprises’s previous annual dividend of $0.55. The ex-dividend date is Wednesday, June 10th. Flanigan’s Enterprises’s dividend payout ratio (DPR) is currently 31.07%.

Insiders Place Their Bets

In other Flanigan’s Enterprises news, CEO James Flanigan II bought 1,899 shares of Flanigan’s Enterprises stock in a transaction that occurred on Monday, May 18th. The shares were purchased at an average cost of $31.76 per share, for a total transaction of $60,312.24. Following the completion of the transaction, the chief executive officer owned 983,971 shares of the company’s stock, valued at $31,250,918.96. This represents a 0.19% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought 2,000 shares of company stock worth $63,453 in the last quarter. Corporate insiders own 62.30% of the company’s stock.

Hedge Funds Weigh In On Flanigan’s Enterprises

Several large investors have recently added to or reduced their stakes in BDL. Geode Capital Management LLC purchased a new position in Flanigan’s Enterprises during the second quarter worth about $249,000. Dimensional Fund Advisors LP raised 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 worth $2,032,000 after purchasing an additional 516 shares during the period. Finally, Empowered Funds LLC raised 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 worth $364,000 after purchasing an additional 445 shares during the period. 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.