Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Short Interest Up 502.6% in August

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 9,877 shares, a growth of 502.6% from the July 30th total of 1,639 shares. Based on an average daily volume of 49,284 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.4% of the shares of the stock are sold short.

Flanigan’s Enterprises Price Performance

Shares of Flanigan’s Enterprises stock opened at $50.57 on Wednesday. The firm has a market cap of $94.06 million, a PE ratio of 14.17 and a beta of 0.28. The stock has a 50 day moving average of $43.61 and a 200 day moving average of $36.47. The company has a current ratio of 2.04, a quick ratio of 1.68 and a debt-to-equity ratio of 0.35. Flanigan’s Enterprises has a 12 month low of $26.33 and a 12 month high of $51.99.

Institutional Investors Weigh In On Flanigan’s Enterprises

Several large investors have recently bought and sold shares of BDL. Dimensional Fund Advisors LP raised its stake 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 valued at $2,032,000 after purchasing an additional 516 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Flanigan’s Enterprises in the 2nd quarter worth $673,000. Geode Capital Management LLC bought a new stake in shares of Flanigan’s Enterprises in the 2nd quarter worth about $249,000. Finally, BlackRock Inc. bought a new stake in shares of Flanigan’s Enterprises in the 2nd quarter worth about $63,000. Institutional investors own 11.03% of the company’s stock.

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.