Flanigan's Enterprises (NYSEAMERICAN:BDL) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

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 share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analysts Set New Price Targets

Separately, Wall Street Zen initiated 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 Down 0.5%

The stock has a fifty day simple moving average of $32.31. The company has a current ratio of 1.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $56.44 million, a PE ratio of 12.92 and a beta of 0.28.

Hedge Funds Weigh In On Flanigan's Enterprises

A hedge fund recently raised its stake in Flanigan's Enterprises stock. Empowered Funds LLC lifted its holdings in shares of Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) by 3.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,725 shares of the company's stock after buying an additional 445 shares during the period. Empowered Funds LLC owned about 0.79% of Flanigan's Enterprises worth $364,000 at the end of the most recent quarter. 11.03% of the stock is currently owned by institutional investors.

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.