Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL) Short Interest Down 20.6% in May

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 2,700 shares, a drop of 20.6% from the April 30th total of 3,400 shares. Based on an average trading volume of 2,200 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.5% of the shares of the company are sold short.

Flanigan's Enterprises Stock Up 4.9%

BDL stock traded up $1.48 during mid-day trading on Thursday, reaching $31.40. 8,712 shares of the company traded hands, compared to its average volume of 3,128. Flanigan's Enterprises has a fifty-two week low of $22.61 and a fifty-two week high of $32.99. The company has a 50 day simple moving average of $24.84. The firm has a market cap of $58.40 million, a PE ratio of 17.74 and a beta of 0.68. The company has a current ratio of 1.46, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27.

Flanigan's Enterprises Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, June 27th. Stockholders 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 represents a dividend yield of 1.8%. This is a boost from Flanigan's Enterprises's previous annual dividend of $0.50. Flanigan's Enterprises's dividend payout ratio is presently 28.25%.

Insiders Place Their Bets

In other Flanigan's Enterprises news, COO James Flanigan II bought 10,940 shares of the firm's stock in a transaction 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 purchase, the chief operating officer now owns 980,130 shares in the company, valued at approximately $24,885,500.70. The trade was a 1.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider August Bucci acquired 2,000 shares of Flanigan's Enterprises stock in a transaction dated Wednesday, May 21st. The shares were purchased at an average cost of $26.73 per share, with a total value of $53,460.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 54.70% of the company's stock.

Institutional Trading of Flanigan's Enterprises

An institutional investor recently raised its position in Flanigan's Enterprises stock. Empowered Funds LLC boosted its stake in Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,725 shares of the company's stock after purchasing an additional 445 shares during the quarter. Empowered Funds LLC owned about 0.79% of Flanigan's Enterprises worth $364,000 as of its most recent SEC filing. 11.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen started coverage on Flanigan's Enterprises in a research note on Monday, May 19th. They set a "hold" rating on the stock.

Flanigan's Enterprises Company Profile

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.