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 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $25.11. Flanigan’s Enterprises shares last traded at $24.96, with a volume of 4,635 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Flanigan’s Enterprises in a research report on Saturday, January 11th. They issued a “hold” rating for the company.

Flanigan’s Enterprises Stock Performance

The company has a market cap of $46.42 million, a P/E ratio of 14.10 and a beta of 0.68. The company has a current ratio of 1.46, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27.

Institutional Trading of Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC grew its stake in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% during the third quarter, according to its most recent 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 period. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 as of its most recent SEC filing. 11.03% of the stock is owned by 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.