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

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 2,458 shares, a growth of 130.4% from the January 15th total of 1,067 shares. Based on an average daily volume of 767 shares, the days-to-cover ratio is currently 3.2 days. Approximately 0.4% of the company’s shares are sold short. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 767 shares, the days-to-cover ratio is currently 3.2 days.

Flanigan’s Enterprises Trading Up 1.7%

Shares of Flanigan’s Enterprises stock traded up $0.56 on Friday, hitting $32.81. 314 shares of the company traded hands, compared to its average volume of 695. The company has a current ratio of 1.65, a quick ratio of 1.31 and a debt-to-equity ratio of 0.23. The company has a market cap of $61.03 million, a PE ratio of 10.55 and a beta of 0.30. The stock’s 50 day moving average price is $30.94 and its 200-day moving average price is $30.95. Flanigan’s Enterprises has a 52 week low of $22.61 and a 52 week high of $35.98.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last released its quarterly earnings data on Friday, December 19th. The company reported $0.48 EPS for the quarter. The company had revenue of $49.19 million for the quarter. Flanigan’s Enterprises had a return on equity of 7.34% and a net margin of 2.79%.

Insider Transactions at Flanigan’s Enterprises

In other Flanigan’s Enterprises news, CEO James Flanigan II bought 866 shares of the company’s stock in a transaction on Monday, December 29th. The stock was acquired at an average price of $30.00 per share, for a total transaction of $25,980.00. Following the completion of the transaction, the chief executive officer directly owned 980,996 shares of the company’s stock, valued at approximately $29,429,880. This represents a 0.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 62.30% of the stock is currently owned by insiders.

Institutional Trading of Flanigan’s Enterprises

A number of hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC purchased a new stake in Flanigan’s Enterprises during the second quarter valued at approximately $249,000. Dimensional Fund Advisors LP increased its position 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 in the last quarter. Finally, Empowered Funds LLC lifted its holdings 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 purchasing an additional 445 shares during the last quarter. 11.03% of the stock is 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.