Flanigan’s Enterprises (NYSEAMERICAN:BDL) CEO Acquires $60,312.24 in Stock

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) CEO James Flanigan II bought 1,899 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average price of $31.76 per share, for a total transaction of $60,312.24. Following the completion of the purchase, the chief executive officer directly owned 983,971 shares in the company, valued at $31,250,918.96. The trade was a 0.19% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

James Flanigan II also recently made the following trade(s):

• On Tuesday, May 19th, James Flanigan II bought 76 shares of Flanigan’s Enterprises stock. The shares were purchased at an average cost of $31.46 per share, with a total value of $2,390.96.
• On Friday, May 15th, James Flanigan II bought 25 shares of Flanigan’s Enterprises stock. The shares were purchased at an average cost of $30.00 per share, with a total value of $750.00.

Flanigan’s Enterprises Stock Performance

Shares of NYSEAMERICAN:BDL traded up $2.16 during midday trading on Friday, hitting $32.42. The company’s stock had a trading volume of 1,288 shares, compared to its average volume of 1,388. The stock has a market capitalization of $60.30 million, a price-to-earnings ratio of 10.10 and a beta of 0.33. The stock’s 50 day simple moving average is $31.67 and its 200 day simple moving average is $31.53. Flanigan’s Enterprises, Inc. has a fifty-two week low of $26.33 and a fifty-two week high of $35.98. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.47 and a current ratio of 1.84.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.43 EPS for the quarter. The business had revenue of $52.57 million for the quarter. Flanigan’s Enterprises had a return on equity of 7.46% and a net margin of 2.84%.

Institutional Trading of Flanigan’s Enterprises

A number of hedge funds have recently modified their holdings of the company. Geode Capital Management LLC acquired a new stake in shares of Flanigan’s Enterprises during the 2nd quarter worth approximately $249,000. Dimensional Fund Advisors LP lifted its position in Flanigan’s Enterprises by 0.8% in the third 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 boosted its stake in Flanigan’s Enterprises by 3.1% during the first quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock worth $364,000 after buying an additional 445 shares in the last quarter. Institutional investors own 11.03% of the company’s stock.

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.