Flanigan’s Enterprises (NYSEAMERICAN:BDL) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $31.86 and traded as high as $38.30. Flanigan’s Enterprises shares last traded at $38.30, with a volume of 11,446 shares changing hands.

Flanigan’s Enterprises Price Performance

The firm’s 50-day moving average is $32.18 and its 200-day moving average is $31.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.84 and a quick ratio of 1.47. The company has a market capitalization of $71.24 million, a P/E ratio of 11.93 and a beta of 0.35.

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 170.0%. This is a positive change 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 presently 33.90%.

Insider Transactions at Flanigan’s Enterprises

In other Flanigan’s Enterprises news, CEO James Flanigan II bought 1,899 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was bought 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased 2,000 shares of company stock worth $63,453 in the last three months. Insiders own 62.30% of the company’s stock.

Institutional Trading of Flanigan’s Enterprises

Several large investors have recently added to or reduced their stakes in BDL. Empowered Funds LLC grew its position in Flanigan’s Enterprises by 3.1% during the first quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock valued at $364,000 after buying an additional 445 shares during the period. Geode Capital Management LLC bought a new stake in Flanigan’s Enterprises during the second quarter valued at approximately $249,000. Finally, Dimensional Fund Advisors LP grew its position in Flanigan’s Enterprises by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company’s stock valued at $2,032,000 after buying an additional 516 shares during the period. 11.03% of the stock is currently owned by institutional investors.

Flanigan’s Enterprises Company Profile

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.