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

Shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.01 and traded as high as $32.37. Flanigan’s Enterprises shares last traded at $31.80, with a volume of 558 shares changing hands.

Flanigan’s Enterprises Trading Down 3.1%

The firm’s fifty day moving average is $30.71 and its two-hundred day moving average is $31.00. The company has a quick ratio of 1.31, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market cap of $60.55 million, a P/E ratio of 12.01 and a beta of 0.26.

Insider Buying and Selling at Flanigan’s Enterprises

In related news, CEO James Flanigan II purchased 1,000 shares of the company’s stock in a transaction dated Friday, December 26th. The shares were purchased at an average cost of $29.89 per share, with a total value of $29,890.00. Following the transaction, the chief executive officer directly owned 981,996 shares in the company, valued at $29,351,860.44. This trade represents a 0.10% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 54.70% of the company’s stock.

Institutional Trading of Flanigan’s Enterprises

Institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC grew its position in 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 purchasing an additional 445 shares during the period. Dimensional Fund Advisors LP increased its position 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 worth $2,032,000 after buying an additional 516 shares in the last quarter. Finally, Geode Capital Management LLC bought a new stake in Flanigan’s Enterprises during the 2nd quarter worth approximately $249,000. Hedge funds and other institutional investors own 11.03% of the company’s stock.

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.