Flanigan's Enterprises (NYSEAMERICAN:BDL) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report) shares crossed 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 $33.25. Flanigan's Enterprises shares last traded at $33.25, with a volume of 962 shares traded.

Wall Street Analysts Forecast Growth

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

Flanigan's Enterprises Stock Performance

The stock has a 50 day moving average price of $29.19. The firm has a market capitalization of $61.85 million, a PE ratio of 15.25 and a beta of 0.30. The company has a quick ratio of 1.33, a current ratio of 1.69 and a debt-to-equity ratio of 0.25.

Flanigan's Enterprises Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, June 27th. Investors of record on Thursday, June 12th were paid a $0.55 dividend. This represents a dividend yield of 1.8%. This is an increase from Flanigan's Enterprises's previous annual dividend of $0.50. The ex-dividend date was Thursday, June 12th. Flanigan's Enterprises's dividend payout ratio (DPR) is presently 31.07%.

Insider Buying and Selling at Flanigan's Enterprises

In other news, insider August Bucci acquired 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was acquired at an average cost of $26.73 per share, with a total value of $53,460.00. Following the acquisition, the insider owned 4,600 shares in the company, valued at approximately $122,958. This represents a 76.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO James Flanigan II bought 10,940 shares of the stock in a transaction on Wednesday, May 21st. The stock was acquired at an average cost of $25.39 per share, for a total transaction of $277,766.60. Following the acquisition, the chief operating officer directly owned 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 disclosure for this purchase can be found here. 54.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Flanigan's Enterprises

A hedge fund recently raised its stake 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 and Exchange Commission (SEC). The institutional investor owned 14,725 shares of the company's stock after buying an additional 445 shares during the quarter. Empowered Funds LLC owned approximately 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 hedge funds and other 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.