Flanigan’s Enterprises (NYSEAMERICAN:BDL) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $30.06 and traded as high as $31.59. Flanigan’s Enterprises shares last traded at $31.59, with a volume of 1,706 shares trading hands.

Flanigan’s Enterprises Stock Performance

The company has a current ratio of 1.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $58.76 million, a price-to-earnings ratio of 13.56 and a beta of 0.28. The firm’s fifty day moving average price is $30.63 and its 200 day moving average price is $30.10.

Institutional Investors Weigh In On Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC boosted its position in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 3.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,725 shares of the company’s stock after acquiring an additional 445 shares during the quarter. Empowered Funds LLC owned 0.79% of Flanigan’s Enterprises worth $364,000 at the end of the most recent quarter. Institutional investors and hedge funds own 11.03% of the company’s stock.

Flanigan’s Enterprises Company Profile

Flanigan’s Enterprises, Inc, together with its subsidiaries, operates a chain of full-service restaurants and package liquor stores in South Florida. The company operates in two segments, Package Stores and Restaurants. It operates package liquor stores under the Big Daddy’s Liquors name, which offer private label liquors, beer, and wines; and restaurants under the Flanigan’s Seafood Bar and Grill service mark that provide alcoholic beverages and full food services.