Flanigan’s Enterprises (NYSEAMERICAN:BDL) Share Price Passes Above 200 Day Moving Average – Here’s Why

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $24.90. Flanigan’s Enterprises shares last traded at $24.90, with a volume of 825 shares traded.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Flanigan’s Enterprises in a report on Saturday, January 11th. They issued a “hold” rating on the stock.

Flanigan’s Enterprises Price Performance

The firm has a market capitalization of $46.31 million, a PE ratio of 14.07 and a beta of 0.68. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.46 and a quick ratio of 1.16.

Institutional Investors Weigh In On Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC grew its holdings in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,030 shares of the company’s stock after purchasing an additional 670 shares during the quarter. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 at the end of the most recent reporting period. 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.