Flanigan’s Enterprises (NYSEAMERICAN:BDL) Shares Cross Above 200-Day Moving Average – Time to Sell?

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $30.63. Flanigan’s Enterprises shares last traded at $30.53, with a volume of 1,611 shares changing hands.

Wall Street Analyst Weigh In

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

Flanigan’s Enterprises Trading Down 0.4%

The firm’s fifty day simple moving average is $26.13. 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 $56.79 million, a PE ratio of 14.00 and a beta of 0.22.

Flanigan’s Enterprises Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Flanigan’s Enterprises’s previous annual dividend of $0.50. This represents a yield of 1.8%. Flanigan’s Enterprises’s dividend payout ratio is 31.07%.

Insider Transactions at Flanigan’s Enterprises

In related news, COO James Flanigan II acquired 10,940 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was acquired 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 of the company’s stock, valued at $24,885,500.70. This represents a 1.13% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider August Bucci acquired 2,000 shares of the stock in a transaction dated Wednesday, May 21st. The shares were bought at an average cost of $26.73 per share, with a total value of $53,460.00. Following the completion of the transaction, the insider now owns 4,600 shares of the company’s stock, valued at approximately $122,958. This represents a 76.92% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 54.70% of the company’s stock.

Institutional Trading of Flanigan’s Enterprises

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

About Flanigan’s Enterprises

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.