Shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $36.00 and traded as high as $49.44. Flanigan’s Enterprises shares last traded at $46.43, with a volume of 28,362 shares traded.
Flanigan’s Enterprises Stock Up 2.3%
The stock’s 50-day moving average price is $43.18 and its two-hundred day moving average price is $36.18. The company has a current ratio of 2.04, a quick ratio of 1.68 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $89.50 million, a P/E ratio of 13.48 and a beta of 0.28.
Hedge Funds Weigh In On Flanigan’s Enterprises
A number of large investors have recently made changes to their positions in the stock. Empowered Funds LLC bought a new position in Flanigan’s Enterprises in the 2nd quarter worth about $673,000. Geode Capital Management LLC bought a new stake in shares of Flanigan’s Enterprises during the second quarter valued at about $249,000. BlackRock Inc. purchased a new stake in shares of Flanigan’s Enterprises in the second quarter worth about $63,000. Finally, Dimensional Fund Advisors LP lifted its holdings 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 buying an additional 516 shares in the last quarter. 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.
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