Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $39.94 and traded as high as $49.20. Flanigan’s Enterprises shares last traded at $47.62, with a volume of 77,095 shares traded.
Flanigan’s Enterprises Trading Down 3.9%
The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.68 and a current ratio of 2.04. The company has a market capitalization of $88.57 million, a price-to-earnings ratio of 13.34 and a beta of 0.37. The business’s 50-day simple moving average is $46.25 and its 200-day simple moving average is $39.94.
Institutional Investors Weigh In On Flanigan’s Enterprises
An institutional investor recently bought a new position in Flanigan’s Enterprises stock. BlackRock Inc. purchased a new position in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,414 shares of the company’s stock, valued at approximately $63,000. BlackRock Inc. owned about 0.08% of Flanigan’s Enterprises at the end of the most recent reporting period. Hedge funds and other institutional investors own 11.03% of the company’s stock.
Flanigan’s Enterprises Company Profile
Flanigan’s Enterprises, Inc operates a chain of full-service restaurants and package liquor stores primarily in South Florida. Its restaurant business operates under the Flanigan’s Seafood Bar & Grill name and serves a casual-dining menu that includes seafood, baby back ribs, burgers, sandwiches, salads and other American fare.
The company’s package liquor stores sell beer, wine, spirits and related products for off-premises consumption. Flanigan’s combines its restaurant and retail liquor operations in a regional business model focused on serving local communities throughout South Florida.
Flanigan’s Enterprises traces its history to 1959, when it was founded by Joe “Big Daddy” Flanigan.
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