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

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report)'s share price 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 changing hands.

Analyst Ratings Changes

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

Flanigan's Enterprises Stock Performance

The firm has a market capitalization of $65.43 million, a price-to-earnings ratio of 16.14 and a beta of 0.22. The company has a fifty day moving average of $27.31. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.69 and a quick ratio of 1.33.

Flanigan's Enterprises Increases Dividend

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

Insider Buying and Selling

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

Institutional Investors 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% 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 purchasing an additional 445 shares during the period. Empowered Funds LLC owned 0.79% of Flanigan's Enterprises worth $364,000 at the end of the most recent reporting period. 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.