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

Key Points

• Short interest rose 32.2% in March to 3,031 shares (about 0.4% of shares outstanding), giving a short‑interest ratio of roughly 2.5 days.
• Shares traded down 1.8% to $30.81 on light volume; the company has a market capitalization of $57.31 million, a P/E of 9.91, and a 12‑month range of $22.61–$35.98.
• Flanigan's reported quarterly EPS of $0.43 on $52.57 million of revenue, and institutional investors now own about 11.03% of the stock with several funds modestly increasing stakes.

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 3,031 shares, a growth of 32.2% from the March 15th total of 2,293 shares. Based on an average daily trading volume, of 1,208 shares, the short-interest ratio is presently 2.5 days. Currently, 0.4% of the company's shares are short sold.

Flanigan's Enterprises Trading Down 1.8%

NYSEAMERICAN:BDL traded down $0.55 during midday trading on Friday, hitting $30.81. 180 shares of the company traded hands, compared to its average volume of 1,039. The firm's fifty day moving average is $32.62 and its 200-day moving average is $31.63. Flanigan's Enterprises has a 12-month low of $22.61 and a 12-month high of $35.98. The firm has a market capitalization of $57.31 million, a P/E ratio of 9.91 and a beta of 0.34. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 0.23.

Flanigan's Enterprises (NYSEAMERICAN:BDL - Get Free Report) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.43 earnings per share for the quarter. Flanigan's Enterprises had a return on equity of 7.34% and a net margin of 2.79%.The company had revenue of $52.57 million for the quarter.

Institutional Trading of Flanigan's Enterprises

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC raised its holdings 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 buying an additional 445 shares during the period. Dimensional Fund Advisors LP increased its stake in Flanigan's Enterprises by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company's stock worth $2,032,000 after purchasing an additional 516 shares during the period. Finally, Geode Capital Management LLC purchased a new stake in Flanigan's Enterprises in the second quarter worth $249,000. Hedge funds and other institutional investors own 11.03% of the company's stock.

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.

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