Flanigan's Enterprises (NYSEAMERICAN:BDL) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report) 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 $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 began coverage on shares of Flanigan's Enterprises in a research report on Monday, May 19th. They set a "hold" rating on the stock.

Flanigan's Enterprises Price Performance

The firm has a market cap of $62.48 million, a PE ratio of 15.41 and a beta of 0.30. The stock has a fifty day simple moving average of $29.39. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.69.

Flanigan's Enterprises Increases Dividend

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

Insider Activity at Flanigan's Enterprises

In other news, COO James Flanigan II acquired 10,940 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were bought at an average price of $25.39 per share, with a total value of $277,766.60. Following the purchase, the chief operating officer owned 980,130 shares of the company's stock, valued at approximately $24,885,500.70. This represents a 1.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider August Bucci purchased 2,000 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were bought at an average price of $26.73 per share, with a total value of $53,460.00. Following the purchase, the insider owned 4,600 shares in the company, valued at $122,958. This represents a 76.92% increase in their position. The disclosure for this purchase can be found here. 54.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Flanigan's Enterprises

An institutional investor recently raised its position in Flanigan's Enterprises stock. Empowered Funds LLC grew its position in shares of Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) by 3.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,725 shares of the company's stock after purchasing an additional 445 shares during the period. Empowered Funds LLC owned approximately 0.79% of Flanigan's Enterprises worth $364,000 at the end of the most recent quarter. Institutional investors own 11.03% of the company's stock.

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.