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

Shares of Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report) passed above its 200-day moving average during trading on Wednesday . 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 1,998 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen initiated coverage on shares of Flanigan's Enterprises in a research report on Monday, May 19th. They issued a "hold" rating on the stock.

Flanigan's Enterprises Stock Performance

The stock has a market cap of $65.43 million, a PE ratio of 16.14 and a beta of 0.22. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.69. The business has a fifty day moving average of $27.08.

Flanigan's Enterprises Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a dividend yield of 1.8%. This is a positive change from Flanigan's Enterprises's previous annual dividend of $0.50. Flanigan's Enterprises's dividend payout ratio is currently 31.07%.

Insider Activity

In other news, COO James Flanigan II bought 10,940 shares of Flanigan's Enterprises stock in a transaction dated Wednesday, May 21st. The stock was purchased at an average price of $25.39 per share, for a total transaction of $277,766.60. Following the purchase, the chief operating officer now directly owns 980,130 shares in the company, valued at $24,885,500.70. The trade was a 1.13% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider August Bucci purchased 2,000 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were purchased at an average cost of $26.73 per share, for a total transaction of $53,460.00. Following the completion of the transaction, the insider now directly owns 4,600 shares of the company's stock, valued at $122,958. This represents a 76.92% 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 company insiders.

Institutional Investors Weigh In On Flanigan's Enterprises

An institutional investor recently raised its position in Flanigan's Enterprises stock. Empowered Funds LLC increased its stake in Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,725 shares of the company's stock after purchasing an additional 445 shares during the quarter. Empowered Funds LLC owned about 0.79% of Flanigan's Enterprises worth $364,000 at the end of the most recent quarter. 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.