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

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL)’s share price 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 $24.74. Flanigan’s Enterprises shares last traded at $24.74, with a volume of 714 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com assumed 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 stock has a market capitalization of $46.02 million, a PE ratio of 13.74 and a beta of 0.69. The company has a current ratio of 1.58, a quick ratio of 1.23 and a debt-to-equity ratio of 0.27.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC boosted its holdings in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 14,030 shares of the company’s stock after buying an additional 670 shares during the period. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 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, 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.