Flanigan’s Enterprises (NYSEAMERICAN:BDL) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.60 and traded as high as $34.12. Flanigan’s Enterprises shares last traded at $31.9050, with a volume of 1,237 shares traded.

Flanigan’s Enterprises Stock Up 4.3%

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 company has a market cap of $59.34 million, a PE ratio of 10.26 and a beta of 0.34. The stock has a 50-day moving average of $32.36 and a 200-day moving average of $31.60.

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

Institutional Trading of Flanigan’s Enterprises

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC purchased a new stake in shares of Flanigan’s Enterprises during the second quarter worth about $249,000. Empowered Funds LLC boosted its holdings 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 worth $364,000 after purchasing an additional 445 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Flanigan’s Enterprises by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company’s stock worth $2,032,000 after purchasing an additional 516 shares during the period. 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.