Flanigan's Enterprises (NYSEAMERICAN:BDL) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

Shares of Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report) 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 $30.63. Flanigan's Enterprises shares last traded at $30.53, with a volume of 1,611 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began 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 Trading Down 0.4%

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.69 and a quick ratio of 1.33. The company has a market capitalization of $56.79 million, a PE ratio of 14.00 and a beta of 0.22. The company has a 50-day simple moving average of $26.13.

Flanigan's Enterprises Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.55 per share. This is an increase from Flanigan's Enterprises's previous annual dividend of $0.50. This represents a dividend yield of 1.8%. The ex-dividend date is Thursday, June 12th. Flanigan's Enterprises's payout ratio is presently 31.07%.

Insider Buying and Selling

In other Flanigan's Enterprises news, COO James Flanigan II bought 10,940 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was bought 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 directly owns 980,130 shares of the company's stock, valued at approximately $24,885,500.70. This trade represents a 1.13% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider August Bucci purchased 2,000 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were bought at an average cost of $26.73 per share, for a total transaction of $53,460.00. Following the completion of the transaction, the insider now directly owns 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 company insiders.

Hedge Funds Weigh In On Flanigan's Enterprises

A hedge fund recently raised its stake in Flanigan's Enterprises stock. Empowered Funds LLC boosted 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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,725 shares of the company's stock after purchasing an additional 445 shares during the period. Empowered Funds LLC owned approximately 0.79% of Flanigan's Enterprises worth $364,000 at the end of the most recent quarter. 11.03% of the stock is owned by hedge funds and other institutional investors.

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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