Flanigan’s Enterprises (NYSEAMERICAN:BDL) Share Price Crosses Above 200 Day Moving Average of $0.00

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $27.98. Flanigan’s Enterprises shares last traded at $26.85, with a volume of 7,183 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Flanigan’s Enterprises in a report on Monday, October 23rd. They set a “buy” rating on the stock.

Flanigan’s Enterprises Stock Up 3.1 %

The firm has a market capitalization of $50.03 million, a price-to-earnings ratio of 9.26 and a beta of 0.70. The company has a quick ratio of 1.40, a current ratio of 1.73 and a debt-to-equity ratio of 0.29.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last posted its earnings results on Wednesday, August 16th. The company reported $0.86 EPS for the quarter. Flanigan’s Enterprises had a return on equity of 7.24% and a net margin of 3.15%. The company had revenue of $45.37 million for the quarter.

Institutional Trading of Flanigan’s Enterprises

Several institutional investors and hedge funds have recently modified their holdings of BDL. Dimensional Fund Advisors LP raised its position in shares of Flanigan’s Enterprises by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 60,984 shares of the company’s stock worth $1,556,000 after purchasing an additional 2,039 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Flanigan’s Enterprises by 61.5% in the first quarter. Vanguard Group Inc. now owns 19,502 shares of the company’s stock worth $677,000 after acquiring an additional 7,427 shares during the last quarter. EA Series Trust acquired a new position in shares of Flanigan’s Enterprises in the second quarter worth $303,000. Royal Bank of Canada lifted its position in shares of Flanigan’s Enterprises by 26.6% in the second quarter. Royal Bank of Canada now owns 6,212 shares of the company’s stock valued at $190,000 after acquiring an additional 1,304 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of Flanigan’s Enterprises during the second quarter valued at $114,000. Hedge funds and other institutional investors own 11.62% of the company’s stock.

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. It operates in two segments, Package Stores and Restaurants. The company 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.