Flanigan's Enterprises (NYSEAMERICAN:BDL) Stock Price Crosses Above Two Hundred Day Moving Average - Time to 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)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on Flanigan's Enterprises in a report on Monday, May 19th. They issued a "hold" rating for the company.

Flanigan's Enterprises Trading Down 3.4%

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.69 and a quick ratio of 1.33. The stock has a market capitalization of $59.33 million, a P/E ratio of 14.63 and a beta of 0.28. The stock has a 50-day moving average price of $32.30.

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 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 dividend yield of 180.0%. The ex-dividend date was Thursday, June 12th. Flanigan's Enterprises's dividend payout ratio is presently 31.07%.

Insider Activity at Flanigan's Enterprises

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Flanigan's Enterprises stock. Geode Capital Management LLC purchased a new stake in Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,177 shares of the company's stock, valued at approximately $249,000. Geode Capital Management LLC owned approximately 0.39% of Flanigan's Enterprises as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors 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.