Flanigan's Enterprises (NYSEAMERICAN:BDL) Stock Passes Above 200 Day Moving Average - Should You Sell?

Shares of Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $33.50. Flanigan's Enterprises shares last traded at $38.36, with a volume of 86 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on shares of Flanigan's Enterprises in a research note on Monday, May 19th. They issued a "hold" rating for the company.

Flanigan's Enterprises Price Performance

The firm has a market capitalization of $54.33 million, a P/E ratio of 13.40 and a beta of 0.30. The company has a quick ratio of 1.33, a current ratio of 1.69 and a debt-to-equity ratio of 0.25. The firm's fifty day simple moving average is $28.50.

Flanigan's Enterprises Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, June 27th. Investors of record on Thursday, June 12th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, June 12th. This represents a yield of 1.8%. This is a boost from Flanigan's Enterprises's previous annual dividend of $0.50. Flanigan's Enterprises's dividend payout ratio (DPR) is currently 31.07%.

Insider Buying and Selling at Flanigan's Enterprises

In other news, insider August Bucci purchased 2,000 shares of Flanigan's Enterprises stock in a transaction dated Wednesday, May 21st. The stock was acquired at an average cost of $26.73 per share, for a total transaction of $53,460.00. Following the acquisition, the insider directly owned 4,600 shares in the company, valued at $122,958. This represents a 76.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO James Flanigan II bought 10,940 shares of Flanigan's Enterprises stock in a transaction that occurred on Wednesday, May 21st. The stock was bought at an average price of $25.39 per share, with a total value of $277,766.60. Following the completion of the acquisition, the chief operating officer owned 980,130 shares in the company, 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. 54.70% of the stock is owned by insiders.

Institutional Trading of Flanigan's Enterprises

An institutional investor recently raised its position in Flanigan's Enterprises stock. Empowered Funds LLC grew its holdings in Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) by 3.1% in the 1st quarter, according to its most recent disclosure 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 quarter. Empowered Funds LLC owned 0.79% of Flanigan's Enterprises worth $364,000 at the end of the most recent reporting period. 11.03% of the stock is owned by hedge funds and other 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.