Flanigan’s Enterprises (NYSEAMERICAN:BDL) Shares Cross Above 200 Day Moving Average – Time to Sell?

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $37.09 and traded as high as $48.40. Flanigan’s Enterprises shares last traded at $45.11, with a volume of 31,742 shares changing hands.

Flanigan’s Enterprises Price Performance

The company has a 50 day simple moving average of $44.04 and a 200-day simple moving average of $37.18. The stock has a market cap of $85.81 million, a price-to-earnings ratio of 12.92 and a beta of 0.33. The company has a current ratio of 2.04, a quick ratio of 1.68 and a debt-to-equity ratio of 0.35.

Institutional Investors Weigh In On Flanigan’s Enterprises

Institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC increased 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 worth $364,000 after purchasing an additional 445 shares during the last quarter. Geode Capital Management LLC bought a new stake in shares of Flanigan’s Enterprises in the second quarter valued at approximately $249,000. Dimensional Fund Advisors LP lifted its position in shares of Flanigan’s Enterprises by 0.8% during the 3rd 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, BlackRock Inc. bought a new stake in shares of Flanigan’s Enterprises during the 2nd quarter worth approximately $63,000. 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.