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

Key Points

• Flanigan's Enterprises' stock price recently crossed above its 200-day moving average of $28.76, reaching a high of $32.24 during trading.
• An institutional investor, Geode Capital Management LLC, purchased 7,177 shares of Flanigan's Enterprises valued at approximately $249,000, increasing institutional ownership to 11.03%.
• The company, which operates restaurants and liquor stores under the Flanigan's and Big Daddy's Liquors brands, has a market capitalization of $59.97 million and a PE ratio of 13.84.

Shares of Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - ) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $28.76 and traded as high as $32.24. Flanigan's Enterprises shares last traded at $32.24, with a volume of 403 shares traded.

Flanigan's Enterprises Price Performance

The stock's 50 day moving average is $30.51 and its two-hundred day moving average is $28.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 1.27. The stock has a market capitalization of $59.97 million, a PE ratio of 13.84 and a beta of 0.28.

Hedge Funds Weigh In On Flanigan's Enterprises

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) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,177 shares of the company's stock, valued at approximately $249,000. Geode Capital Management LLC owned about 0.39% of Flanigan's Enterprises as of its most recent SEC filing. 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.

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