Flanigan's Enterprises (NYSEAMERICAN:BDL) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $35.98. Flanigan's Enterprises shares last traded at $32.99, with a volume of 12,135 shares traded.

Analyst Ratings Changes

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

Flanigan's Enterprises Price Performance

The company has a quick ratio of 1.16, a current ratio of 1.46 and a debt-to-equity ratio of 0.27. The firm's 50-day moving average is $25.74. The firm has a market cap of $57.01 million, a price-to-earnings ratio of 17.32 and a beta of 0.68.

Flanigan's Enterprises Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, June 27th. Investors of record on Thursday, June 12th will be paid a dividend of $0.55 per share. The ex-dividend date is Thursday, June 12th. This represents a dividend yield of 1.8%. This is a positive change from Flanigan's Enterprises's previous annual dividend of $0.50. Flanigan's Enterprises's dividend payout ratio (DPR) is presently 28.25%.

Insider Buying and Selling

In other Flanigan's Enterprises news, COO James Flanigan II purchased 10,940 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were purchased at an average cost of $25.39 per share, with a total value of $277,766.60. Following the purchase, the chief operating officer now owns 980,130 shares in the company, valued at approximately $24,885,500.70. This represents a 1.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider August Bucci acquired 2,000 shares of the business's 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 completion of the acquisition, the insider now owns 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. 54.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Flanigan's Enterprises

An institutional investor recently raised its position in Flanigan's Enterprises stock. Empowered Funds LLC grew its stake in shares of Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,725 shares of the company's stock after acquiring an additional 445 shares during the period. Empowered Funds LLC owned about 0.79% of Flanigan's Enterprises worth $364,000 at the end of the most recent quarter. 11.03% of the stock is 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.