Flanigan’s Enterprises (NYSEAMERICAN:BDL) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $25.30. Flanigan’s Enterprises shares last traded at $25.20, with a volume of 2,333 shares traded.

Wall Street Analysts Forecast Growth

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

Flanigan’s Enterprises Price Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.46. The stock has a market capitalization of $46.50 million, a PE ratio of 14.12 and a beta of 0.68.

Institutional Trading of Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC grew its holdings in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,030 shares of the company’s stock after acquiring 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 currently owned by hedge funds and other institutional investors.

Flanigan’s Enterprises Company Profile

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.