Flanigan’s Enterprises (NYSEAMERICAN:BDL) Shares Cross Above Fifty Day Moving Average – What’s Next?

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $36.31 and traded as high as $46.29. Flanigan’s Enterprises shares last traded at $43.02, with a volume of 19,667 shares.

Flanigan’s Enterprises Stock Down 6.1%

The company has a market capitalization of $80.02 million, a price-to-earnings ratio of 13.40 and a beta of 0.25. The company has a quick ratio of 1.47, a current ratio of 1.84 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average price of $36.31 and a two-hundred day moving average price of $33.41.

Flanigan’s Enterprises Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, June 26th. Stockholders of record on Wednesday, June 10th were paid a dividend of $0.60 per share. This is an increase from Flanigan’s Enterprises’s previous annual dividend of $0.55. The ex-dividend date was Wednesday, June 10th. This represents a dividend yield of 170.0%. Flanigan’s Enterprises’s dividend payout ratio (DPR) is currently 33.90%.

Insider Activity

In related news, CEO James Flanigan II purchased 1,899 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were purchased at an average cost of $31.76 per share, with a total value of $60,312.24. Following the completion of the acquisition, the chief executive officer directly owned 983,971 shares of the company’s stock, valued at approximately $31,250,918.96. The trade was a 0.19% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 2,000 shares of company stock valued at $63,453 in the last three months. 62.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Flanigan’s Enterprises

Several hedge funds and other institutional investors have recently modified their holdings of BDL. Geode Capital Management LLC acquired a new position in Flanigan’s Enterprises in the second quarter worth about $249,000. Empowered Funds LLC lifted its holdings in Flanigan’s Enterprises by 3.1% during the 1st quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock worth $364,000 after buying an additional 445 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position 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 acquiring an additional 516 shares in the last quarter. Institutional investors own 11.03% of the company’s stock.

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.