Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Short Interest Update

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 9,877 shares, a growth of 502.6% from the July 30th total of 1,639 shares. Based on an average daily trading volume, of 49,284 shares, the short-interest ratio is presently 0.2 days. Approximately 1.4% of the shares of the company are short sold.

Flanigan’s Enterprises Price Performance

Shares of BDL stock traded down $0.67 during mid-day trading on Friday, reaching $47.10. The company’s stock had a trading volume of 11,069 shares, compared to its average volume of 15,081. The firm’s 50-day moving average is $43.87 and its two-hundred day moving average is $36.73. The company has a market cap of $87.61 million, a P/E ratio of 13.19 and a beta of 0.28. Flanigan’s Enterprises has a 1-year low of $26.33 and a 1-year high of $52.12. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.68 and a current ratio of 2.04.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BDL. Empowered Funds LLC bought a new stake in shares of Flanigan’s Enterprises in the 2nd quarter valued at approximately $673,000. Geode Capital Management LLC acquired a new position in shares of Flanigan’s Enterprises in the 2nd quarter worth approximately $249,000. BlackRock Inc. bought a new position in shares of Flanigan’s Enterprises during the 2nd quarter worth approximately $63,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Flanigan’s Enterprises by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company’s stock worth $2,032,000 after buying an additional 516 shares during the period. Institutional investors 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.