Flanigan's Enterprises (NYSEAMERICAN:BDL) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Flanigan's Enterprises (NYSEAMERICAN:BDL) stock price recently exceeded its 200-day moving average, trading at $30.80 with a high of $31.34.
• The company announced an annual dividend of $0.55 per share, representing a large yield of 180.0%, up from the previous $0.50.
• Insiders, including COO James Flanigan II, have increased their stakes in the company with significant stock purchases in May.

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report) shares crossed 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 $31.34. Flanigan's Enterprises shares last traded at $30.80, with a volume of 2,432 shares changing hands.

Analysts Set New Price Targets

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

Flanigan's Enterprises Stock Performance

The business's 50 day moving average price is $32.35. The stock has a market cap of $59.72 million, a PE ratio of 13.78 and a beta of 0.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 1.66.

Flanigan's Enterprises Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, June 27th. Stockholders of record on Thursday, June 12th were issued a $0.55 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This is an increase from Flanigan's Enterprises's previous annual dividend of $0.50. This represents a dividend yield of 180.0%. Flanigan's Enterprises's dividend payout ratio is 31.07%.

Insider Buying and Selling

In other news, insider August Bucci bought 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were acquired at an average price of $26.73 per share, with a total value of $53,460.00. Following the acquisition, the insider owned 4,600 shares of the company's stock, valued at approximately $122,958. The trade was a 76.92% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, COO James Flanigan II acquired 10,940 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was acquired at an average price of $25.39 per share, for a total transaction of $277,766.60. Following the transaction, the chief operating officer directly owned 980,130 shares of the company's stock, valued at $24,885,500.70. This represents a 1.13% 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

An institutional investor recently raised its position in Flanigan's Enterprises stock. Empowered Funds LLC raised its holdings in shares of Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) by 3.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,725 shares of the company's stock after acquiring an additional 445 shares during the period. Empowered Funds LLC owned about 0.79% of Flanigan's Enterprises worth $364,000 at the end of the most recent reporting period. 11.03% of the stock is currently owned by institutional investors and hedge funds.

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.