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

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $25.09. Flanigan’s Enterprises shares last traded at $25.00, with a volume of 1,166 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Flanigan’s Enterprises in a research note on Saturday, January 11th. They set a “hold” rating for the company.

Flanigan’s Enterprises Stock Performance

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC raised its stake in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,030 shares of the company’s stock after purchasing 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 owned by institutional investors.

About Flanigan’s Enterprises

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.