Flanigan’s Enterprises (NYSEAMERICAN:BDL) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $31.59 and traded as high as $34.00. Flanigan’s Enterprises shares last traded at $34.00, with a volume of 7,710 shares changing hands.

Flanigan’s Enterprises Stock Down 1.4%

The business’s 50 day moving average is $31.63 and its 200-day moving average is $31.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.47 and a current ratio of 1.84. The firm has a market capitalization of $63.24 million, a price-to-earnings ratio of 10.59 and a beta of 0.33.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last posted its earnings results on Tuesday, February 10th. The company reported $0.43 earnings per share (EPS) for the quarter. Flanigan’s Enterprises had a net margin of 2.84% and a return on equity of 7.46%. The business had revenue of $52.57 million for the quarter.

Flanigan’s Enterprises Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, June 26th. Investors of record on Wednesday, June 10th will be paid a $0.60 dividend. This represents a yield of 181.0%. The ex-dividend date is Wednesday, June 10th. This is a boost from Flanigan’s Enterprises’s previous annual dividend of $0.55. Flanigan’s Enterprises’s dividend payout ratio (DPR) is 31.07%.

Insider Transactions at Flanigan’s Enterprises

In other news, CEO James Flanigan II bought 1,899 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average cost of $31.76 per share, for a total transaction of $60,312.24. Following the purchase, the chief executive officer owned 983,971 shares of the company’s stock, valued at $31,250,918.96. This represents a 0.19% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have acquired 2,000 shares of company stock valued at $63,453. Company insiders own 62.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC acquired a new stake in Flanigan’s Enterprises in the 2nd quarter worth $249,000. Empowered Funds LLC grew its position in Flanigan’s Enterprises by 3.1% in the 1st 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 last quarter. Finally, Dimensional Fund Advisors LP grew its position in Flanigan’s Enterprises by 0.8% in the 3rd 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 last quarter. 11.03% of the stock is currently owned by institutional investors and hedge funds.

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.