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

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report) shares 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 $32.65. Flanigan's Enterprises shares last traded at $32.65, with a volume of 340 shares trading hands.

Wall Street Analyst Weigh In

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

Flanigan's Enterprises Stock Down 5.0%

The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.69. The stock has a market cap of $56.54 million, a PE ratio of 13.94 and a beta of 0.28. The company has a fifty day moving average of $31.79.

Flanigan's Enterprises Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, June 27th. Shareholders of record on Thursday, June 12th were given a $0.55 dividend. This is a positive change from Flanigan's Enterprises's previous annual dividend of $0.50. The ex-dividend date of this dividend was Thursday, June 12th. This represents a yield of 180.0%. Flanigan's Enterprises's payout ratio is presently 31.07%.

Insider Transactions at Flanigan's Enterprises

In other news, COO James Flanigan II purchased 10,940 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was acquired at an average cost of $25.39 per share, for a total transaction of $277,766.60. Following the purchase, the chief operating officer directly owned 980,130 shares in the company, valued at $24,885,500.70. This trade represents a 1.13% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider August Bucci acquired 2,000 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were bought at an average price of $26.73 per share, with a total value of $53,460.00. Following the completion of the purchase, the insider owned 4,600 shares in the company, valued at $122,958. This trade represents a 76.92% increase in their position. The disclosure for this purchase can be found here. 54.70% of the stock is currently owned by insiders.

Institutional Trading of Flanigan's Enterprises

A hedge fund recently raised its stake in Flanigan's Enterprises stock. Empowered Funds LLC lifted its position in shares of Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,725 shares of the company's stock after buying an additional 445 shares during the quarter. Empowered Funds LLC owned approximately 0.79% of Flanigan's Enterprises worth $364,000 at the end of the most recent quarter. 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.