Flanigan’s Enterprises (NYSEAMERICAN:BDL) Shares Cross Above 200 Day Moving Average – Here’s Why

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.96 and traded as high as $32.59. Flanigan’s Enterprises shares last traded at $32.59, with a volume of 480 shares trading hands.

Flanigan’s Enterprises Stock Performance

The company has a 50 day simple moving average of $31.32 and a 200-day simple moving average of $30.97. The stock has a market capitalization of $61.43 million, a price-to-earnings ratio of 10.62 and a beta of 0.30. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 0.23.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last posted its quarterly earnings results on Friday, December 19th. The company reported $0.48 EPS for the quarter. Flanigan’s Enterprises had a net margin of 2.79% and a return on equity of 7.34%. The business had revenue of $49.19 million during the quarter.

Insiders Place Their Bets

In other news, CEO James Flanigan II purchased 1,000 shares of the business’s stock in a transaction on Friday, December 26th. The shares were acquired at an average price of $29.89 per share, for a total transaction of $29,890.00. Following the completion of the acquisition, the chief executive officer owned 981,996 shares in the company, valued at approximately $29,351,860.44. The trade was a 0.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 62.30% of the company’s stock.

Institutional Trading of Flanigan’s Enterprises

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings 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 worth $2,032,000 after buying an additional 516 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Flanigan’s Enterprises by 3.1% in the 1st quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock worth $364,000 after acquiring an additional 445 shares in the last quarter. Finally, Geode Capital Management LLC purchased a new stake in shares of Flanigan’s Enterprises in the second quarter valued at about $249,000. 11.03% of the stock is owned by hedge funds and other institutional investors.

About Flanigan’s Enterprises

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.