Short Interest in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Increases By 130.4%

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 2,458 shares, an increase of 130.4% from the January 15th total of 1,067 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 767 shares, the days-to-cover ratio is presently 3.2 days. Based on an average trading volume of 767 shares, the days-to-cover ratio is presently 3.2 days. Currently, 0.4% of the company’s stock are short sold.

Flanigan’s Enterprises Stock Up 4.2%

NYSEAMERICAN:BDL traded up $1.37 on Thursday, reaching $33.62. 314 shares of the stock traded hands, compared to its average volume of 1,520. The company has a current ratio of 1.69, a quick ratio of 1.31 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $62.53 million, a price-to-earnings ratio of 10.81 and a beta of 0.30. Flanigan’s Enterprises has a 12 month low of $22.61 and a 12 month high of $35.98. The company’s fifty day simple moving average is $30.87 and its 200 day simple moving average is $30.95.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last released its quarterly earnings data on Friday, December 19th. The company reported $0.48 EPS for the quarter. Flanigan’s Enterprises had a return on equity of 7.37% and a net margin of 2.79%.The company had revenue of $49.19 million for the quarter.

Insider Activity

In other Flanigan’s Enterprises news, CEO James Flanigan II purchased 1,000 shares of the stock in a transaction that occurred on Friday, December 26th. The stock was bought 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 approximately $29,351,860.44. The trade was a 0.10% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 62.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Flanigan’s Enterprises

Several institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC bought a new stake in Flanigan’s Enterprises during the second quarter valued at approximately $249,000. Empowered Funds LLC lifted its position in Flanigan’s Enterprises by 3.1% during the first quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock valued at $364,000 after purchasing an additional 445 shares in the last quarter. Finally, 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 valued at $2,032,000 after purchasing an additional 516 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.