Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Sees Significant Growth in Short Interest

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 3,089 shares, a growth of 25.7% from the January 29th total of 2,458 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 631 shares, the days-to-cover ratio is currently 4.9 days. Based on an average daily volume of 631 shares, the days-to-cover ratio is currently 4.9 days. Approximately 0.4% of the company’s stock are short sold.

Flanigan’s Enterprises Stock Up 6.2%

Flanigan’s Enterprises stock opened at $34.00 on Thursday. The business’s 50-day simple moving average is $31.89 and its two-hundred day simple moving average is $31.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.29 and a current ratio of 1.65. The company has a market cap of $63.24 million, a PE ratio of 10.93 and a beta of 0.29. Flanigan’s Enterprises has a fifty-two week low of $22.61 and a fifty-two week high of $35.98.

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

Insider Buying and Selling at Flanigan’s Enterprises

In other Flanigan’s Enterprises news, CEO James Flanigan II purchased 866 shares of the firm’s stock in a transaction on Monday, December 29th. The stock was bought at an average cost of $30.00 per share, for a total transaction of $25,980.00. Following the completion of the purchase, the chief executive officer owned 980,996 shares in the company, valued at $29,429,880. This represents a 0.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 62.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC acquired a new position in Flanigan’s Enterprises during the second quarter valued at $249,000. Empowered Funds LLC raised its stake in shares of Flanigan’s Enterprises by 3.1% during 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 during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of 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 during the period. Hedge funds and other 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.