Flanigan’s Enterprises (NYSEAMERICAN:BDL) Shares Pass Above 200 Day Moving Average – Here’s Why

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $30.95 and traded as high as $32.50. Flanigan’s Enterprises shares last traded at $31.81, with a volume of 735 shares trading hands.

Flanigan’s Enterprises Trading Up 1.5%

The stock’s 50-day simple moving average is $30.67 and its 200-day simple moving average is $30.95. The firm has a market capitalization of $59.17 million, a PE ratio of 11.74 and a beta of 0.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.31 and a current ratio of 1.69.

Insider Buying and Selling

In other Flanigan’s Enterprises news, CEO James Flanigan II bought 1,000 shares of the company’s stock in a transaction dated Friday, December 26th. The shares were purchased at an average price of $29.89 per share, for a total transaction of $29,890.00. Following the acquisition, the chief executive officer owned 981,996 shares in the company, valued at approximately $29,351,860.44. This represents a 0.10% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 62.30% of the company’s stock.

Hedge Funds Weigh In On Flanigan’s Enterprises

A number of hedge funds have recently bought and sold shares of BDL. Geode Capital Management LLC bought a new stake in shares of Flanigan’s Enterprises during the second quarter valued at approximately $249,000. Empowered Funds LLC raised its stake in Flanigan’s Enterprises by 3.1% during the 1st quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock worth $364,000 after acquiring an additional 445 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position 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 acquiring an additional 516 shares in the last quarter. 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.