Insider Buying: Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Insider Purchases $53,460.00 in Stock

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) insider August Bucci bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The shares were purchased at an average price of $26.73 per share, for a total transaction of $53,460.00. Following the completion of the purchase, the insider now directly owns 4,600 shares of the company’s stock, valued at approximately $122,958. This trade represents a 76.92% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Flanigan’s Enterprises Trading Down 0.7%

BDL stock opened at $27.80 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.46 and a quick ratio of 1.16. The company has a 50 day moving average price of $24.62. Flanigan’s Enterprises, Inc. has a twelve month low of $22.61 and a twelve month high of $29.25. The firm has a market capitalization of $51.71 million, a P/E ratio of 15.71 and a beta of 0.68.

Flanigan’s Enterprises Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, June 27th. Investors of record on Thursday, June 12th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from Flanigan’s Enterprises’s previous annual dividend of $0.50. This represents a dividend yield of 1.8%. Flanigan’s Enterprises’s dividend payout ratio (DPR) is currently 28.25%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began coverage on shares of Flanigan’s Enterprises in a research note on Monday, May 19th. They set a “hold” rating on the stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC boosted its holdings in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 3.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,725 shares of the company’s stock after acquiring an additional 445 shares during the quarter. Empowered Funds LLC owned about 0.79% of Flanigan’s Enterprises worth $364,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 11.03% of the company’s stock.

Flanigan’s Enterprises Company Profile

Flanigan’s Enterprises, Inc, together with its subsidiaries, operates a chain of full-service restaurants and package liquor stores in South Florida. The company operates in two segments, Package Stores and Restaurants. It operates package liquor stores under the Big Daddy’s Liquors name, which offer private label liquors, beer, and wines; and restaurants under the Flanigan’s Seafood Bar and Grill service mark that provide alcoholic beverages and full food services.