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

Key Points

• Flanigan's Enterprises passed above its 200-day moving average (200‑day MA $31.08), trading as high as $33.99 and last at $33.74 on light volume (715 shares).
• CEO James Flanigan II purchased 866 shares at $30, raising his holdings to 980,996 shares, and insiders collectively own 62.30% of the company.
• Latest quarter showed $0.43 EPS on $52.57M revenue; the company has a market cap of $62.76M, a trailing PE of 10.85 and a low beta of 0.29, suggesting modest valuation and low volatility.

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $31.08 and traded as high as $33.99. Flanigan's Enterprises shares last traded at $33.74, with a volume of 715 shares trading hands.

Flanigan's Enterprises Stock Performance

The stock has a 50-day simple moving average of $32.20 and a 200 day simple moving average of $31.08. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.65 and a quick ratio of 1.29. The company has a market capitalization of $62.76 million, a PE ratio of 10.85 and a beta of 0.29.

Flanigan's Enterprises (NYSEAMERICAN:BDL - Get Free Report) last posted its earnings results on Tuesday, February 10th. The company reported $0.43 earnings per share for the quarter. The company had revenue of $52.57 million for the quarter. Flanigan's Enterprises had a return on equity of 7.34% and a net margin of 2.79%.

Insider Buying and Selling

In other Flanigan's Enterprises news, CEO James Flanigan II bought 866 shares of the company's stock in a transaction on Monday, December 29th. The stock was purchased at an average cost of $30.00 per share, for a total transaction of $25,980.00. Following the acquisition, the chief executive officer owned 980,996 shares of the company's stock, valued at $29,429,880. The trade was a 0.09% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 62.30% of the company's stock.

Institutional Trading of Flanigan's Enterprises

Several large investors have recently modified their holdings of the business. Geode Capital Management LLC purchased a new position in shares of Flanigan's Enterprises during the 2nd quarter worth approximately $249,000. Empowered Funds LLC lifted its stake in Flanigan's Enterprises by 3.1% in the 1st quarter. Empowered Funds LLC now owns 14,725 shares of the company's stock valued at $364,000 after buying an additional 445 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Flanigan's Enterprises by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company's stock valued at $2,032,000 after buying an additional 516 shares in the last quarter. 11.03% of the stock is currently owned by institutional investors and hedge funds.

Flanigan's Enterprises Company Profile

Flanigan's Enterprises, Inc operates as a regional distributor of beer, wine and distilled spirits, serving a range of retail and on-premise accounts throughout Florida. The company manages a network of wholesale distribution centers and provides a portfolio of both domestic and imported beverage brands. Through its Beverage Distribution & Logistics segment, Flanigan's delivers products to grocery stores, convenience markets, restaurants, bars and clubs, leveraging its industry relationships to secure a diverse assortment of products for its customers.

To support its distribution operations, Flanigan's Enterprises maintains warehousing, transportation and inventory management capabilities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.