Flanigan's Enterprises (NYSEAMERICAN:BDL) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Flanigan's Enterprises' stock price surpassed its 200-day moving average during trading, reaching a high of $28.15 before closing at $27.83.
• Wall Street analysts have given Flanigan's Enterprises a "hold" rating, indicating a cautious outlook for the stock moving forward.
• Geode Capital Management recently acquired a new stake in Flanigan's Enterprises, purchasing approximately 7,177 shares valued at about $249,000.

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $28.15. Flanigan's Enterprises shares last traded at $27.83, with a volume of 1,814 shares changing hands.

Wall Street Analysts Forecast Growth

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

Flanigan's Enterprises Stock Performance

The business has a 50-day moving average price of $31.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 1.66. The company has a market cap of $51.76 million, a price-to-earnings ratio of 11.94 and a beta of 0.25.

Institutional Trading of 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) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period. Institutional investors 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.

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