Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Sees Significant Increase in Short Interest

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 2,458 shares, an increase of 130.4% from the January 15th total of 1,067 shares. Based on an average daily trading volume, of 767 shares, the days-to-cover ratio is currently 3.2 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 767 shares, the days-to-cover ratio is currently 3.2 days.

Insider Buying and Selling at Flanigan’s Enterprises

In other Flanigan’s Enterprises news, CEO James Flanigan II purchased 1,000 shares of the business’s stock in a transaction on Friday, December 26th. The stock was acquired at an average price of $29.89 per share, for a total transaction of $29,890.00. Following the purchase, the chief executive officer owned 981,996 shares of the company’s stock, valued at approximately $29,351,860.44. This represents a 0.10% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 62.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC purchased a new position in shares of Flanigan’s Enterprises during the second quarter worth approximately $249,000. Empowered Funds LLC increased 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 worth $364,000 after purchasing an additional 445 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Flanigan’s Enterprises by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company’s stock valued at $2,032,000 after purchasing an additional 516 shares in the last quarter. 11.03% of the stock is owned by hedge funds and other institutional investors.

Flanigan’s Enterprises Price Performance

Shares of Flanigan’s Enterprises stock traded up $0.56 during trading on Friday, reaching $32.81. 314 shares of the stock traded hands, compared to its average volume of 695. Flanigan’s Enterprises has a 52-week low of $22.61 and a 52-week high of $35.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.65 and a quick ratio of 1.31. The business has a fifty day simple moving average of $30.94 and a two-hundred day simple moving average of $30.95. The company has a market capitalization of $61.03 million, a price-to-earnings ratio of 10.55 and a beta of 0.30.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last posted its earnings results on Friday, December 19th. The company reported $0.48 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 firm had revenue of $49.19 million during the quarter.

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.