Flanigan's Enterprises (NYSEAMERICAN:BDL) Shares Cross Above 200-Day Moving Average - Should You Sell?

Key Points

• Flanigan's Enterprises' shares have crossed above the 200-day moving average, trading at $30.30, with a recent volume of 536 shares.
• The company announced an annual dividend of $0.55 per share, representing a significant increase from the previous yield and a payout ratio of 31.07%.
• Recent insider buying includes COO James Flanigan II purchasing 10,940 shares at an average price of $25.39, indicating strong internal confidence in the company's future.

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report) crossed 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 $30.30. Flanigan's Enterprises shares last traded at $30.30, with a volume of 536 shares changing hands.

Analyst Upgrades and Downgrades

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

Flanigan's Enterprises Trading Down 2.3%

The firm has a 50 day simple moving average of $32.11. The company has a market cap of $56.36 million, a PE ratio of 13.90 and a beta of 0.28. 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 disclosed an annual dividend, which was paid on Friday, June 27th. Stockholders of record on Thursday, June 12th were given a dividend of $0.55 per share. This represents a dividend yield of 180.0%. The ex-dividend date was Thursday, June 12th. This is a positive change from Flanigan's Enterprises's previous annual dividend of $0.50. Flanigan's Enterprises's payout ratio is 31.07%.

Insider Buying and Selling at Flanigan's Enterprises

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

Institutional Investors Weigh In On Flanigan's Enterprises

An institutional investor recently raised its position in Flanigan's Enterprises stock. Empowered Funds LLC raised its holdings in shares of Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) by 3.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,725 shares of the company's stock after purchasing an additional 445 shares during the quarter. Empowered Funds LLC owned 0.79% of Flanigan's Enterprises worth $364,000 as of its most recent filing with the Securities & Exchange Commission. 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.

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