Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL) Sees Significant Growth in Short Interest

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 3,500 shares, an increase of 29.6% from the May 15th total of 2,700 shares. Approximately 0.7% of the company's shares are sold short. Based on an average trading volume of 2,600 shares, the days-to-cover ratio is presently 1.3 days.

Insider Buying and Selling at Flanigan's Enterprises

In other Flanigan's Enterprises news, COO James Flanigan II purchased 10,940 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was purchased at an average cost of $25.39 per share, with a total value of $277,766.60. Following the completion of the acquisition, the chief operating officer now directly owns 980,130 shares of the company's stock, valued at $24,885,500.70. This trade represents a 1.13% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider August Bucci purchased 2,000 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was bought at an average price of $26.73 per share, for a total transaction of $53,460.00. Following the completion of the purchase, the insider now directly owns 4,600 shares of the company's stock, valued at $122,958. The trade was a 76.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. 54.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Flanigan's Enterprises

An institutional investor recently raised its position in Flanigan's Enterprises stock. Empowered Funds LLC increased its holdings in shares of Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) by 3.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,725 shares of the company's stock after acquiring 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. 11.03% of the stock is owned by hedge funds and other institutional investors.

Flanigan's Enterprises Price Performance

Shares of BDL stock traded down $0.11 during trading hours on Tuesday, hitting $30.53. The stock had a trading volume of 1,611 shares, compared to its average volume of 3,143. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.69 and a quick ratio of 1.33. The company has a market capitalization of $56.79 million, a price-to-earnings ratio of 14.00 and a beta of 0.22. The stock has a 50 day moving average price of $26.00. Flanigan's Enterprises has a twelve month low of $22.61 and a twelve month high of $35.98.

Flanigan's Enterprises Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.55 per share. 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 dividend payout ratio is currently 31.07%.

Analyst Ratings Changes

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

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.

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