Flanigan's Enterprises (NYSEAMERICAN:BDL) Stock Price Crosses Below 200-Day Moving Average - Time to Sell?

Key Points

• Stock fell below its 200-day moving average, trading as low as $31.00 vs a 200-day MA of $31.63, a common technical bearish signal for investors.
• Company fundamentals show a market cap of $57.66 million, a P/E of 9.97 and a low beta (0.34); last quarter the firm reported EPS $0.43 on $52.57 million of revenue with a 2.79% net margin.
• Institutional interest is modest but present—several funds slightly increased positions and Geode opened a new stake, with institutions owning 11.03% of the shares.

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $31.63 and traded as low as $31.00. Flanigan's Enterprises shares last traded at $31.00, with a volume of 566 shares trading hands.

Flanigan's Enterprises Price Performance

The firm has a fifty day moving average price of $32.63 and a two-hundred day moving average price of $31.63. The stock has a market capitalization of $57.66 million, a P/E ratio of 9.97 and a beta of 0.34. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.29 and a current ratio of 1.65.

Flanigan's Enterprises (NYSEAMERICAN:BDL - Get Free Report) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.43 earnings per share for the quarter. The firm had revenue of $52.57 million for the quarter. Flanigan's Enterprises had a return on equity of 7.34% and a net margin of 2.79%.

Institutional Investors Weigh In On Flanigan's Enterprises

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC increased its stake in shares of Flanigan's Enterprises by 3.1% in the 1st quarter. Empowered Funds LLC now owns 14,725 shares of the company's stock worth $364,000 after purchasing an additional 445 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Flanigan's Enterprises by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company's stock worth $2,032,000 after purchasing an additional 516 shares in the last quarter. Finally, Geode Capital Management LLC purchased a new stake in shares of Flanigan's Enterprises in the 2nd quarter worth $249,000. 11.03% of the stock is currently owned by hedge funds and other institutional investors.

About Flanigan's Enterprises

Flanigan's Enterprises, Inc operates as a regional distributor of beer, wine and distilled spirits, serving a range of retail and on-premise accounts throughout Florida. The company manages a network of wholesale distribution centers and provides a portfolio of both domestic and imported beverage brands. Through its Beverage Distribution & Logistics segment, Flanigan's delivers products to grocery stores, convenience markets, restaurants, bars and clubs, leveraging its industry relationships to secure a diverse assortment of products for its customers.

To support its distribution operations, Flanigan's Enterprises maintains warehousing, transportation and inventory management capabilities.

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