Flanigan’s Enterprises (NYSEAMERICAN:BDL) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $30.98 and traded as high as $33.70. Flanigan’s Enterprises shares last traded at $32.7720, with a volume of 3,147 shares traded.

Flanigan’s Enterprises Stock Performance

The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $31.65 and a 200 day simple moving average of $30.98. The company has a market capitalization of $60.96 million, a price-to-earnings ratio of 10.54 and a beta of 0.30.

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

Insider Transactions at Flanigan’s Enterprises

In related news, CEO James Flanigan II bought 866 shares of the business’s stock in a transaction on Monday, December 29th. The shares were bought at an average cost of $30.00 per share, for a total transaction of $25,980.00. Following the completion of the purchase, the chief executive officer owned 980,996 shares of the company’s stock, valued at $29,429,880. This represents a 0.09% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 62.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BDL. Dimensional Fund Advisors LP increased its stake 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 valued at $2,032,000 after purchasing an additional 516 shares during the period. Empowered Funds LLC boosted its position in shares of Flanigan’s Enterprises by 3.1% during the first quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock worth $364,000 after buying an additional 445 shares during the period. Finally, Geode Capital Management LLC bought a new position in Flanigan’s Enterprises in the 2nd quarter worth approximately $249,000. 11.03% of the stock is owned by institutional investors and hedge funds.

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.