Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Get Free Report)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $36.31 and traded as high as $46.29. Flanigan’s Enterprises shares last traded at $43.02, with a volume of 19,667 shares traded.
Flanigan’s Enterprises Stock Down 6.1%
The stock’s fifty day simple moving average is $36.31 and its two-hundred day simple moving average is $33.41. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.84 and a quick ratio of 1.47. The company has a market capitalization of $80.02 million, a price-to-earnings ratio of 13.40 and a beta of 0.25.
Flanigan’s Enterprises Increases Dividend
The firm also recently announced an annual dividend, which was paid on Friday, June 26th. Shareholders of record on Wednesday, June 10th were issued a $0.60 dividend. This is an increase from Flanigan’s Enterprises’s previous annual dividend of $0.55. This represents a yield of 170.0%. The ex-dividend date of this dividend was Wednesday, June 10th. Flanigan’s Enterprises’s dividend payout ratio is 33.90%.
Insider Buying and Selling
Institutional Investors Weigh In On Flanigan’s Enterprises
Several large investors have recently added to or reduced their stakes in BDL. Geode Capital Management LLC bought a new stake in Flanigan’s Enterprises in the second quarter valued at $249,000. Empowered Funds LLC lifted 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 valued at $364,000 after purchasing an additional 445 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted 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 valued at $2,032,000 after purchasing an additional 516 shares during the last quarter. 11.03% of the stock is 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.
Read More
- Five stocks we like better than Flanigan’s Enterprises
- Apple and Broadcom Forge a Decade-Long Silicon Fortress
- SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
- The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
- Palantir’s CEO Just Called Out OpenAI and Anthropic
Receive News & Ratings for Flanigan's Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flanigan's Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.
