Flanigan’s Enterprises (NYSEAMERICAN:BDL) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDLGet Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.86 and traded as high as $38.30. Flanigan’s Enterprises shares last traded at $38.30, with a volume of 11,446 shares trading hands.

Flanigan’s Enterprises Stock Up 2.0%

The company has a current ratio of 1.84, a quick ratio of 1.47 and a debt-to-equity ratio of 0.22. The stock’s 50-day moving average is $32.57 and its 200-day moving average is $31.99. The company has a market cap of $78.70 million, a price-to-earnings ratio of 13.18 and a beta of 0.35.

Flanigan’s Enterprises Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, June 26th. Investors of record on Wednesday, June 10th will be given a dividend of $0.60 per share. This represents a dividend yield of 170.0%. 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 is presently 33.90%.

Insider Activity

In related news, CEO James Flanigan II bought 1,899 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average price of $31.76 per share, for a total transaction of $60,312.24. Following the transaction, the chief executive officer directly owned 983,971 shares of the company’s stock, valued at approximately $31,250,918.96. The trade was a 0.19% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have acquired 2,000 shares of company stock worth $63,453. 62.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BDL. Dimensional Fund Advisors LP increased its stake in 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 purchasing an additional 516 shares in the last quarter. Empowered Funds LLC increased its stake in 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 in the last quarter. Finally, Geode Capital Management LLC bought a new stake in Flanigan’s Enterprises during the 2nd quarter valued at $249,000. Institutional investors and hedge funds own 11.03% of the company’s stock.

About Flanigan’s Enterprises

(Get Free Report)

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.

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