Flanigan’s Enterprises (NYSEAMERICAN:BDL) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $30.98 and traded as high as $33.70. Flanigan’s Enterprises shares last traded at $32.7720, with a volume of 3,147 shares trading hands.

Flanigan’s Enterprises Trading Down 2.8%

The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 0.23. The firm has a market cap of $60.96 million, a P/E ratio of 10.54 and a beta of 0.30. The firm’s 50-day simple moving average is $31.65 and its 200 day simple moving average is $30.97.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last issued its quarterly earnings results on Friday, December 19th. The company reported $0.48 earnings per share (EPS) for the quarter. Flanigan’s Enterprises had a net margin of 2.79% and a return on equity of 7.34%. The company had revenue of $49.19 million during the quarter.

Insider Activity

In other news, CEO James Flanigan II purchased 866 shares of the company’s stock in a transaction dated Monday, December 29th. The shares were purchased at an average price of $30.00 per share, with a total value of $25,980.00. Following the transaction, the chief executive officer directly owned 980,996 shares of the company’s stock, valued at approximately $29,429,880. This represents a 0.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 62.30% of the stock is currently owned by insiders.

Institutional Trading of Flanigan’s Enterprises

A number of institutional investors have recently added to or reduced their stakes in BDL. Empowered Funds LLC grew 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 valued at $364,000 after buying an additional 445 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 buying an additional 516 shares in the last quarter. Finally, Geode Capital Management LLC bought a new position in shares of Flanigan’s Enterprises in the second quarter valued at approximately $249,000. Hedge funds and other 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.