Insider Buying: Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL) Insider Purchases 2,000 Shares of Stock

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report) insider August Bucci purchased 2,000 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were purchased at an average cost of $26.73 per share, for a total transaction of $53,460.00. Following the purchase, the insider now directly owns 4,600 shares in the company, valued at approximately $122,958. This represents a 76.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Flanigan's Enterprises Stock Performance

BDL remained flat at $28.10 during trading on Tuesday. The company's stock had a trading volume of 997 shares, compared to its average volume of 3,124. The company's fifty day moving average price is $24.68. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.46. The stock has a market capitalization of $52.27 million, a PE ratio of 15.88 and a beta of 0.68. Flanigan's Enterprises, Inc. has a 52 week low of $22.61 and a 52 week high of $29.25.

Flanigan's Enterprises Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 12th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from Flanigan's Enterprises's previous annual dividend of $0.50. This represents a yield of 1.8%. Flanigan's Enterprises's payout ratio is 28.25%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on Flanigan's Enterprises in a research report on Monday, May 19th. They set a "hold" rating for the company.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Flanigan's Enterprises stock. Empowered Funds LLC lifted its position in shares of Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) by 3.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,725 shares of the company's stock after buying an additional 445 shares during the period. Empowered Funds LLC owned approximately 0.79% of Flanigan's Enterprises worth $364,000 as of its most recent SEC filing. Institutional investors and hedge funds own 11.03% of the company's stock.

About Flanigan's Enterprises

Flanigan's Enterprises, Inc, together with its subsidiaries, operates a chain of full-service restaurants and package liquor stores in South Florida. The company operates in two segments, Package Stores and Restaurants. It operates package liquor stores under the Big Daddy's Liquors name, which offer private label liquors, beer, and wines; and restaurants under the Flanigan's Seafood Bar and Grill service mark that provide alcoholic beverages and full food services.