Flanigan’s Enterprises (NYSEAMERICAN:BDL) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $31.63 and traded as low as $31.00. Flanigan’s Enterprises shares last traded at $31.00, with a volume of 566 shares changing hands.

Flanigan’s Enterprises Stock Down 1.8%

The stock has a market capitalization of $57.31 million, a PE ratio of 9.91 and a beta of 0.34. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.65 and a quick ratio of 1.29. The business’s fifty day moving average price is $32.60 and its two-hundred day moving average price is $31.63.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.43 earnings per share for the quarter. Flanigan’s Enterprises had a net margin of 2.79% and a return on equity of 7.34%. The firm had revenue of $52.57 million for the quarter.

Institutional Investors Weigh In On Flanigan’s Enterprises

Several hedge funds have recently added to or reduced their stakes in BDL. Geode Capital Management LLC purchased a new stake in Flanigan’s Enterprises in the second quarter valued at $249,000. Empowered Funds LLC grew its position 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 acquiring an additional 445 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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 in 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.