Short Interest in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Rises By 25.7%

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 3,089 shares, a growth of 25.7% from the January 29th total of 2,458 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 631 shares, the short-interest ratio is presently 4.9 days. Based on an average daily trading volume, of 631 shares, the short-interest ratio is presently 4.9 days. Currently, 0.4% of the company’s shares are sold short.

Flanigan’s Enterprises Trading Up 6.2%

NYSEAMERICAN BDL traded up $1.99 on Wednesday, reaching $34.00. The company had a trading volume of 203 shares, compared to its average volume of 584. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 0.23. Flanigan’s Enterprises has a 52 week low of $22.61 and a 52 week high of $35.98. The stock has a market cap of $63.24 million, a price-to-earnings ratio of 10.93 and a beta of 0.29. The stock’s 50 day moving average is $31.89 and its 200-day moving average is $31.02.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.43 EPS for the quarter. The business had revenue of $52.57 million for the quarter. Flanigan’s Enterprises had a return on equity of 7.34% and a net margin of 2.79%.

Insider Activity at Flanigan’s Enterprises

In other news, CEO James Flanigan II bought 866 shares of the company’s stock in a transaction dated Monday, December 29th. The stock was bought at an average price of $30.00 per share, for a total transaction of $25,980.00. Following the completion of the transaction, the chief executive officer directly owned 980,996 shares in the company, valued at $29,429,880. The trade was a 0.09% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 62.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC increased its stake in Flanigan’s Enterprises by 3.1% in the 1st quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock valued at $364,000 after buying an additional 445 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Flanigan’s Enterprises by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company’s stock valued at $2,032,000 after acquiring an additional 516 shares during the last quarter. Finally, Geode Capital Management LLC bought a new stake in Flanigan’s Enterprises during the second quarter worth about $249,000. Institutional investors and hedge funds own 11.03% of the company’s stock.

Flanigan’s Enterprises Company Profile

Flanigan’s Enterprises, Inc operates as a regional distributor of beer, wine and distilled spirits, serving a range of retail and on-premise accounts throughout Florida. The company manages a network of wholesale distribution centers and provides a portfolio of both domestic and imported beverage brands. Through its Beverage Distribution & Logistics segment, Flanigan’s delivers products to grocery stores, convenience markets, restaurants, bars and clubs, leveraging its industry relationships to secure a diverse assortment of products for its customers.

To support its distribution operations, Flanigan’s Enterprises maintains warehousing, transportation and inventory management capabilities.