Flanigan’s Enterprises (NYSEAMERICAN:BDL) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $35.38 and traded as high as $45.65. Flanigan’s Enterprises shares last traded at $41.60, with a volume of 28,445 shares traded.

Flanigan’s Enterprises Price Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.47 and a current ratio of 1.84. The stock has a market capitalization of $89.30 million, a PE ratio of 13.45 and a beta of 0.28. The company’s fifty day simple moving average is $41.35 and its two-hundred day simple moving average is $35.45.

Flanigan’s Enterprises Increases Dividend

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

Insider Activity

In other news, CEO James Flanigan II purchased 1,899 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were bought at an average cost of $31.76 per share, with a total value of $60,312.24. Following the purchase, the chief executive officer directly owned 983,971 shares of the company’s stock, valued at approximately $31,250,918.96. This trade represents a 0.19% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have bought 2,000 shares of company stock worth $63,453. 62.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Flanigan’s Enterprises

Several institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC purchased a new position in shares of Flanigan’s Enterprises during the 2nd quarter worth $249,000. BlackRock Inc. acquired a new stake in shares of Flanigan’s Enterprises in the second quarter worth approximately $63,000. Dimensional Fund Advisors LP boosted its position 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 acquiring an additional 516 shares during the last quarter. Finally, Empowered Funds LLC increased its position 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 purchasing an additional 445 shares during the last quarter. Hedge funds and other 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.