Flanigan’s Enterprises (NYSEAMERICAN:BDL) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $31.25 and traded as high as $34.60. Flanigan’s Enterprises shares last traded at $34.60, with a volume of 420 shares.

Flanigan’s Enterprises Stock Up 4.9%

The company has a market cap of $64.36 million, a PE ratio of 11.13 and a beta of 0.29. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 0.23. The firm’s fifty day simple moving average is $32.70 and its 200-day simple moving average is $31.25.

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

Insider Buying and Selling

In related news, CEO James Flanigan II purchased 866 shares of the company’s stock in a transaction on Monday, December 29th. The stock was bought at an average price of $30.00 per share, with a total value of $25,980.00. Following the completion of the transaction, the chief executive officer owned 980,996 shares of the company’s stock, valued at approximately $29,429,880. This represents a 0.09% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 62.30% of the company’s stock.

Institutional Trading of Flanigan’s Enterprises

Several institutional investors and hedge funds have recently made changes to their positions in BDL. Empowered Funds LLC boosted its stake in shares of Flanigan’s Enterprises by 3.1% during the first quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock valued at $364,000 after acquiring an additional 445 shares during the last quarter. Geode Capital Management LLC acquired a new position in Flanigan’s Enterprises in the 2nd quarter valued at about $249,000. Finally, Dimensional Fund Advisors LP lifted its holdings 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 purchasing an additional 516 shares in the last quarter. 11.03% of the stock is currently owned by hedge funds and other institutional investors.

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.