Flanigan’s Enterprises (NYSEAMERICAN:BDL) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.34 and traded as low as $31.20. Flanigan’s Enterprises shares last traded at $31.20, with a volume of 2,013 shares trading hands.

Flanigan’s Enterprises Price Performance

The company’s 50-day simple moving average is $32.74 and its 200 day simple moving average is $31.36. The company has a market capitalization of $57.66 million, a P/E ratio of 9.97 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.

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

Insiders Place Their Bets

In related news, CEO James Flanigan II purchased 866 shares of Flanigan’s Enterprises stock in a transaction on Monday, December 29th. The stock was bought 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 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 62.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in Flanigan’s Enterprises by 0.8% during 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. Empowered Funds LLC grew its holdings in Flanigan’s Enterprises by 3.1% during the first quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock valued at $364,000 after purchasing an additional 445 shares during 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. 11.03% of the stock is owned by institutional investors.

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.