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

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

Analyst Upgrades and Downgrades

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

Flanigan's Enterprises Stock Performance

Shares of NYSEAMERICAN:BDL traded up $0.17 on Friday, hitting $30.70. 2,718 shares of the company's stock were exchanged, compared to its average volume of 3,155. The stock's 50-day moving average is $26.38. The stock has a market capitalization of $57.10 million, a P/E ratio of 14.08 and a beta of 0.22. Flanigan's Enterprises has a 1-year low of $22.61 and a 1-year high of $35.98. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.69 and a quick ratio of 1.33.

Flanigan's Enterprises Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.55 per share. This is a boost from Flanigan's Enterprises's previous annual dividend of $0.50. This represents a dividend yield of 1.8%. The ex-dividend date is Thursday, June 12th. Flanigan's Enterprises's dividend payout ratio is currently 31.07%.

Insider Activity

In related news, insider August Bucci bought 2,000 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was purchased at an average cost of $26.73 per share, with a total value of $53,460.00. Following the purchase, the insider now directly owns 4,600 shares of the company's stock, valued at $122,958. This trade represents a 76.92% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO James Flanigan II bought 10,940 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were bought at an average cost of $25.39 per share, with a total value of $277,766.60. Following the completion of the purchase, the chief operating officer now directly owns 980,130 shares in the company, valued at $24,885,500.70. This represents a 1.13% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 54.70% of the company's stock.

Institutional Trading of Flanigan's Enterprises

A hedge fund recently raised its stake in Flanigan's Enterprises stock. Empowered Funds LLC increased its position in Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) by 3.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 14,725 shares of the company's stock after purchasing an additional 445 shares during the period. Empowered Funds LLC owned 0.79% of Flanigan's Enterprises worth $364,000 at the end of the most recent quarter. 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.