Flanigan’s Enterprises (NYSEAMERICAN:BDL) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $31.08 and traded as high as $33.99. Flanigan’s Enterprises shares last traded at $33.74, with a volume of 715 shares trading hands.

Flanigan’s Enterprises Stock Performance

The stock has a 50-day simple moving average of $32.20 and a 200 day simple moving average of $31.08. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.65 and a quick ratio of 1.29. The company has a market capitalization of $62.76 million, a PE ratio of 10.85 and a beta of 0.29.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last posted its earnings results on Tuesday, February 10th. The company reported $0.43 earnings per share for the quarter. The company 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%.

Insider Buying and Selling

In other Flanigan’s Enterprises news, CEO James Flanigan II bought 866 shares of the company’s stock in a transaction on Monday, December 29th. The stock was purchased at an average cost of $30.00 per share, for a total transaction of $25,980.00. Following the acquisition, the chief executive officer owned 980,996 shares of the company’s stock, valued at $29,429,880. The trade was a 0.09% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 62.30% of the company’s stock.

Institutional Trading of Flanigan’s Enterprises

Several large investors have recently modified their holdings of the business. Geode Capital Management LLC purchased a new position in shares of Flanigan’s Enterprises during the 2nd quarter worth approximately $249,000. Empowered Funds LLC lifted its stake in Flanigan’s Enterprises by 3.1% in 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. Finally, Dimensional Fund Advisors LP lifted its stake in Flanigan’s Enterprises by 0.8% in 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. 11.03% of the stock is currently owned by institutional investors and hedge funds.

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.