Flanigan's Enterprises (NYSEAMERICAN:BDL) Shares Cross Above 200 Day Moving Average - Here's Why

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Analyst Ratings Changes

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

Flanigan's Enterprises Trading Down 0.9%

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.46 and a quick ratio of 1.16. The stock has a market capitalization of $60.78 million, a price-to-earnings ratio of 18.46 and a beta of 0.68. The firm's 50 day moving average price is $25.30.

Flanigan's Enterprises Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, June 12th will be given a $0.55 dividend. The ex-dividend date of this dividend 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 is presently 28.25%.

Insider Activity

In other news, insider August Bucci purchased 2,000 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were purchased at an average price of $26.73 per share, with a total value of $53,460.00. Following the purchase, the insider now directly owns 4,600 shares of the company's stock, valued at approximately $122,958. This represents a 76.92% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO James Flanigan II bought 10,940 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were acquired at an average cost of $25.39 per share, for a total transaction of $277,766.60. Following the completion of the transaction, the chief operating officer now owns 980,130 shares of the company's stock, valued at approximately $24,885,500.70. The trade was a 1.13% increase in their position. 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 raised its position in Flanigan's Enterprises stock. Empowered Funds LLC grew its position in shares of Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) by 3.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,725 shares of the company's stock after buying an additional 445 shares during the period. Empowered Funds LLC owned about 0.79% of Flanigan's Enterprises worth $364,000 as of its most recent SEC filing. 11.03% of the stock is owned by institutional investors.

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.