Flanigan's Enterprises (NYSEAMERICAN:BDL) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Flanigan's Enterprises' share price has recently crossed above its 200-day moving average, trading at $31.00 with a volume of 585 shares.
• The company has announced a dividend increase, now yielding 180% after paying $0.55 per share, showing positive changes from the previous rate.
• Empowered Funds LLC has increased its stake in Flanigan's by 3.1%, reflecting growing institutional interest in the company.

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $31.00. Flanigan's Enterprises shares last traded at $31.00, with a volume of 585 shares changing hands.

Wall Street Analysts Forecast Growth

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

Flanigan's Enterprises Trading Up 1.7%

The company has a market capitalization of $56.06 million, a P/E ratio of 12.94 and a beta of 0.28. The business has a fifty day simple moving average of $32.29. The company has a current ratio of 1.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25.

Institutional Trading of Flanigan's Enterprises

An institutional investor recently raised its position in Flanigan's Enterprises stock. Empowered Funds LLC raised its stake in Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) by 3.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing. Institutional investors and hedge funds own 11.03% of the company's 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.