Flanigan’s Enterprises (NYSEAMERICAN:BDL) Stock Crosses Above 200-Day Moving Average of $0.00

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $31.40. Flanigan’s Enterprises shares last traded at $31.38, with a volume of 6,631 shares changing hands.

Flanigan’s Enterprises Price Performance

The company has a current ratio of 1.73, a quick ratio of 1.40 and a debt-to-equity ratio of 0.29. The firm has a market cap of $58.37 million, a P/E ratio of 10.82 and a beta of 0.69.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last released its quarterly earnings data on Wednesday, August 16th. The company reported $0.86 EPS for the quarter. Flanigan’s Enterprises had a return on equity of 7.24% and a net margin of 3.15%. The company had revenue of $45.37 million for the quarter.

Institutional Investors Weigh In On Flanigan’s Enterprises

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in Flanigan’s Enterprises by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 53,530 shares of the company’s stock worth $1,857,000 after purchasing an additional 1,613 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Flanigan’s Enterprises by 61.5% in the 1st quarter. Vanguard Group Inc. now owns 19,502 shares of the company’s stock valued at $677,000 after purchasing an additional 7,427 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Flanigan’s Enterprises by 26.6% in the 2nd quarter. Royal Bank of Canada now owns 6,212 shares of the company’s stock valued at $190,000 after purchasing an additional 1,304 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of Flanigan’s Enterprises in the 2nd quarter valued at about $114,000. Finally, BlackRock Inc. raised its stake in shares of Flanigan’s Enterprises by 41.1% in the 2nd quarter. BlackRock Inc. now owns 3,033 shares of the company’s stock valued at $93,000 after purchasing an additional 884 shares in the last quarter. Hedge funds and other institutional investors own 11.62% of the company’s stock.

Flanigan’s Enterprises Company Profile

Flanigan's Enterprises, Inc, together with its subsidiaries, operates a chain of full-service restaurants and package liquor stores in South Florida. It operates in two segments, Package Stores and Restaurants. The company operates package liquor stores under the Big Daddy's Liquors name, which offer private label liquors, beer, and wines; and restaurants under the Flanigan's Seafood Bar and Grill service mark that provide alcoholic beverages and full food services.