Flanigan's Enterprises (NYSEAMERICAN:BDL) Stock Price Passes Above 200-Day Moving Average - Here's Why

Key Points

• Flanigan's Enterprises' shares recently crossed above their 200-day moving average, trading as high as $30.75 before closing at $27.67.
• The company has a market cap of $51.47 million and a P/E ratio of 11.88, indicating potential value for investors.
• Empowered Funds LLC raised its stake in Flanigan's Enterprises by 3.1%, now owning 0.79% of the company, suggesting increased institutional interest.

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 $30.75. Flanigan's Enterprises shares last traded at $27.67, with a volume of 6,292 shares trading hands.

Flanigan's Enterprises Stock Performance

The company has a market capitalization of $59.02 million, a price-to-earnings ratio of 13.62 and a beta of 0.25. The stock's fifty day simple moving average is $31.04 and its 200-day simple moving average is $28.45. The company has a current ratio of 1.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25.

Institutional Investors Weigh In On Flanigan's Enterprises

An institutional investor recently bought a new position in Flanigan's Enterprises stock. Geode Capital Management LLC bought a new stake in Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 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 SEC filing. Institutional investors and hedge funds own 11.03% of the company's stock.

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.