Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL) COO James Flanigan II Purchases 10,940 Shares

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report) COO James Flanigan II purchased 10,940 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were acquired at an average cost of $25.39 per share, with a total value of $277,766.60. Following the completion of the transaction, the chief operating officer now owns 980,130 shares in the company, valued at $24,885,500.70. This trade represents a 1.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Flanigan's Enterprises Price Performance

NYSEAMERICAN BDL remained flat at $28.10 during trading hours on Tuesday. 997 shares of the company traded hands, compared to its average volume of 3,124. The firm has a 50 day simple moving average of $24.74. The company has a quick ratio of 1.16, a current ratio of 1.46 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $52.27 million, a price-to-earnings ratio of 15.88 and a beta of 0.68. Flanigan's Enterprises, Inc. has a 12 month low of $22.61 and a 12 month high of $29.25.

Flanigan's Enterprises Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, June 27th. Investors of record on Thursday, June 12th will be given a dividend of $0.55 per share. This represents a yield of 1.8%. This is a positive change from Flanigan's Enterprises's previous annual dividend of $0.50. The ex-dividend date is Thursday, June 12th. Flanigan's Enterprises's payout ratio is 28.25%.

Analyst Ratings Changes

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

Institutional Trading of Flanigan's Enterprises

An institutional investor recently raised its position in Flanigan's Enterprises stock. Empowered Funds LLC grew its position in Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) by 3.1% in the first quarter, according to the company in 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 quarter. Empowered Funds LLC owned approximately 0.79% of Flanigan's Enterprises worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 11.03% of the company's stock.

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.