Flanigan’s Enterprises (NYSEAMERICAN:BDL) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 Price Performance

The firm has a market cap of $60.62 million, a price-to-earnings ratio of 10.48 and a beta of 0.30. The business has a 50 day simple moving average of $31.23 and a 200-day simple moving average of $30.96. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.29 and a current ratio of 1.65.

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

Insider Buying and Selling at Flanigan’s Enterprises

In related news, CEO James Flanigan II purchased 1,000 shares of the firm’s stock in a transaction dated Friday, December 26th. The stock was bought at an average price of $29.89 per share, for a total transaction of $29,890.00. Following the purchase, the chief executive officer directly owned 981,996 shares in the company, valued at approximately $29,351,860.44. This trade represents a 0.10% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 62.30% of the stock is owned by corporate insiders.

Institutional Trading of Flanigan’s Enterprises

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC bought a new stake in shares of Flanigan’s Enterprises in the second quarter valued at $249,000. Dimensional Fund Advisors LP increased its holdings 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 worth $2,032,000 after purchasing an additional 516 shares during the period. Finally, Empowered Funds LLC raised its position in shares of Flanigan’s Enterprises by 3.1% in 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 in the last quarter. 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.