Flanigan’s Enterprises (NYSEAMERICAN:BDL) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $36.31 and traded as high as $46.29. Flanigan’s Enterprises shares last traded at $43.02, with a volume of 19,667 shares changing hands.

Flanigan’s Enterprises Price Performance

The stock has a market capitalization of $77.38 million, a price-to-earnings ratio of 12.96 and a beta of 0.25. The company has a fifty day simple moving average of $36.81 and a 200 day simple moving average of $33.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.47 and a current ratio of 1.84.

Flanigan’s Enterprises Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, June 26th. Investors of record on Wednesday, June 10th were paid a $0.60 dividend. This is an increase from Flanigan’s Enterprises’s previous annual dividend of $0.55. This represents a dividend yield of 170.0%. The ex-dividend date of this dividend was Wednesday, June 10th. Flanigan’s Enterprises’s payout ratio is presently 33.90%.

Insider Activity at Flanigan’s Enterprises

In related news, CEO James Flanigan II bought 1,899 shares of Flanigan’s Enterprises stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average cost of $31.76 per share, for a total transaction of $60,312.24. Following the completion of the acquisition, the chief executive officer directly owned 983,971 shares of the company’s stock, valued at approximately $31,250,918.96. The trade was a 0.19% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders purchased 2,000 shares of company stock valued at $63,453 over the last quarter. 62.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC acquired a new stake in shares of Flanigan’s Enterprises during the second quarter worth $249,000. Dimensional Fund Advisors LP lifted its holdings in Flanigan’s Enterprises by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company’s stock valued at $2,032,000 after buying an additional 516 shares during the period. Finally, Empowered Funds LLC lifted its holdings in Flanigan’s Enterprises by 3.1% in the first quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock valued at $364,000 after buying an additional 445 shares during the period. 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.