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

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $31.25 and traded as high as $34.60. Flanigan’s Enterprises shares last traded at $34.60, with a volume of 420 shares changing hands.

Flanigan’s Enterprises Stock Performance

The firm has a market cap of $57.92 million, a price-to-earnings ratio of 10.01 and a beta of 0.29. 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 company has a 50 day moving average of $32.72 and a 200 day moving average of $31.28.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.43 earnings per share for the quarter. Flanigan’s Enterprises had a return on equity of 7.34% and a net margin of 2.79%.The firm had revenue of $52.57 million during the quarter.

Insider Buying and Selling at Flanigan’s Enterprises

In related news, CEO James Flanigan II purchased 866 shares of the firm’s stock in a transaction dated Monday, December 29th. The stock was acquired at an average price of $30.00 per share, with a total value of $25,980.00. Following the completion of the transaction, the chief executive officer owned 980,996 shares of the company’s stock, valued at $29,429,880. This represents a 0.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 62.30% of the company’s stock.

Institutional Trading of Flanigan’s Enterprises

Several institutional investors have recently added to or reduced their stakes in BDL. Geode Capital Management LLC acquired a new position in Flanigan’s Enterprises during the 2nd quarter worth $249,000. Empowered Funds LLC lifted its position in shares of 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 purchasing an additional 445 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake 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 in the last quarter. 11.03% of the stock is owned by institutional investors and hedge funds.

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.