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

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.34 and traded as low as $31.20. Flanigan’s Enterprises shares last traded at $31.20, with a volume of 2,013 shares trading hands.

Flanigan’s Enterprises Trading Down 4.0%

The business’s 50 day moving average price is $32.76 and its 200-day moving average price is $31.34. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 0.23. The company has a market cap of $58.03 million, a price-to-earnings ratio of 10.03 and a beta of 0.29.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last announced its quarterly 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 net margin of 2.79% and a return on equity of 7.34%.

Insider Buying and Selling at Flanigan’s Enterprises

In other news, CEO James Flanigan II purchased 866 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The stock was acquired at an average cost of $30.00 per share, with a total value of $25,980.00. Following the acquisition, the chief executive officer owned 980,996 shares in the company, valued at approximately $29,429,880. This trade represents a 0.09% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 62.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position 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 buying an additional 445 shares during the period. Dimensional Fund Advisors LP boosted 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 during the period. Finally, Geode Capital Management LLC bought a new stake in shares of Flanigan’s Enterprises in the second quarter valued at about $249,000. 11.03% of the stock is owned by institutional investors and hedge funds.

About Flanigan’s Enterprises

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.