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

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 3,089 shares, a growth of 25.7% from the January 29th total of 2,458 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 631 shares, the days-to-cover ratio is currently 4.9 days. Based on an average daily volume of 631 shares, the days-to-cover ratio is currently 4.9 days. Approximately 0.4% of the company’s stock are short sold.

Insiders Place Their Bets

In other Flanigan’s Enterprises news, CEO James Flanigan II bought 1,000 shares of Flanigan’s Enterprises stock in a transaction that occurred on Friday, December 26th. The shares were bought at an average cost of $29.89 per share, with a total value of $29,890.00. Following the transaction, the chief executive officer directly 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 document filed 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 and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC purchased a new stake in Flanigan’s Enterprises during the second quarter worth $249,000. Empowered Funds LLC grew its stake in Flanigan’s Enterprises by 3.1% in the 1st quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock valued at $364,000 after acquiring an additional 445 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Flanigan’s Enterprises by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company’s stock valued at $2,032,000 after acquiring an additional 516 shares during the period. 11.03% of the stock is currently owned by institutional investors and hedge funds.

Flanigan’s Enterprises Stock Down 2.8%

Flanigan’s Enterprises stock opened at $32.75 on Tuesday. The business’s 50-day simple moving average is $31.74 and its two-hundred day simple moving average is $30.99. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.29 and a current ratio of 1.65. The company has a market cap of $60.91 million, a PE ratio of 10.53 and a beta of 0.29. Flanigan’s Enterprises has a fifty-two week low of $22.61 and a fifty-two week high of $35.98.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last issued its earnings results on Tuesday, February 10th. The company reported $0.43 EPS 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 for 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.