Flanigan’s Enterprises (NYSEAMERICAN:BDL) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.01 and traded as high as $32.37. Flanigan’s Enterprises shares last traded at $31.80, with a volume of 558 shares trading hands.

Flanigan’s Enterprises Stock Down 5.4%

The company has a current ratio of 1.69, a quick ratio of 1.31 and a debt-to-equity ratio of 0.24. The firm has a market cap of $59.15 million, a P/E ratio of 11.73 and a beta of 0.26. The firm’s 50 day moving average is $30.66 and its two-hundred day moving average is $31.01.

Insider Activity

In other Flanigan’s Enterprises news, CEO James Flanigan II bought 1,000 shares of the stock in a transaction that occurred on Friday, December 26th. The stock was acquired at an average cost of $29.89 per share, with a total value of $29,890.00. Following the purchase, the chief executive officer owned 981,996 shares in the company, valued at $29,351,860.44. This trade represents a 0.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 54.70% of the company’s stock.

Hedge Funds Weigh In On Flanigan’s Enterprises

Several hedge funds have recently made changes to their positions in BDL. Empowered Funds LLC lifted its position in shares of Flanigan’s Enterprises by 3.1% in the first quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock worth $364,000 after purchasing an additional 445 shares in the last quarter. Geode Capital Management LLC acquired a new stake in Flanigan’s Enterprises in the 2nd quarter valued at $249,000. Finally, Dimensional Fund Advisors LP lifted its position in Flanigan’s Enterprises by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company’s stock worth $2,032,000 after buying an additional 516 shares in the last quarter. 11.03% of the stock is owned by 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.