Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Short Interest Down 27.5% in March

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) saw a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 2,293 shares, a decline of 27.5% from the February 26th total of 3,162 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 407 shares, the days-to-cover ratio is currently 5.6 days.

Insider Activity at Flanigan’s Enterprises

In other news, CEO James Flanigan II acquired 866 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The shares were acquired at an average price 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 in the company, valued at approximately $29,429,880. This trade represents a 0.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 62.30% of the company’s stock.

Institutional Investors Weigh In On Flanigan’s Enterprises

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC bought a new position in Flanigan’s Enterprises during the second quarter worth about $249,000. Dimensional Fund Advisors LP lifted its stake in shares of Flanigan’s Enterprises by 0.8% during the 3rd 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 in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Flanigan’s Enterprises by 3.1% during the 1st quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock valued at $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.

Flanigan’s Enterprises Stock Performance

NYSEAMERICAN:BDL traded down $0.20 during trading hours on Friday, reaching $31.00. The stock had a trading volume of 1,946 shares, compared to its average volume of 828. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.29 and a current ratio of 1.65. The stock has a 50 day simple moving average of $32.74 and a 200 day simple moving average of $31.36. Flanigan’s Enterprises has a 12-month low of $22.61 and a 12-month high of $35.98. The stock has a market cap of $57.66 million, a P/E ratio of 9.97 and a beta of 0.29.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last issued its earnings results on Tuesday, February 10th. The company reported $0.43 earnings per share (EPS) for the quarter. The firm had revenue of $52.57 million for the quarter. Flanigan’s Enterprises had a return on equity of 7.34% and a net margin of 2.79%.

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.