Flanigan’s Enterprises (NYSEAMERICAN:BDL) Share Price Passes Above 200-Day Moving Average of $0.00

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDLGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $26.18. Flanigan’s Enterprises shares last traded at $26.18, with a volume of 205 shares changing hands.

Wall Street Analysts Forecast Growth

BDL has been the topic of a number of recent analyst reports. StockNews.com assumed coverage on shares of Flanigan’s Enterprises in a research report on Sunday, February 4th. They issued a “hold” rating on the stock. TheStreet lowered Flanigan’s Enterprises from a “b-” rating to a “c” rating in a report on Monday, January 8th.

Check Out Our Latest Analysis on BDL

Flanigan’s Enterprises Stock Performance

The company has a market cap of $48.69 million, a PE ratio of 12.18 and a beta of 0.73. The company has a quick ratio of 1.26, a current ratio of 1.58 and a debt-to-equity ratio of 0.29.

Flanigan’s Enterprises (NYSEAMERICAN:BDLGet Free Report) last released its quarterly earnings data on Friday, December 29th. The company reported ($0.07) EPS for the quarter. The company had revenue of $43.36 million during the quarter. Flanigan’s Enterprises had a net margin of 2.29% and a return on equity of 5.36%.

Institutional Investors Weigh In On Flanigan’s Enterprises

A number of hedge funds have recently modified their holdings of BDL. Dimensional Fund Advisors LP raised its position in Flanigan’s Enterprises by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 61,585 shares of the company’s stock valued at $1,584,000 after buying an additional 974 shares during the last quarter. Royal Bank of Canada raised its position in shares of Flanigan’s Enterprises by 26.6% in the 2nd quarter. Royal Bank of Canada now owns 6,212 shares of the company’s stock valued at $190,000 after buying an additional 1,304 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Flanigan’s Enterprises by 305.7% during the second quarter. Tower Research Capital LLC TRC now owns 856 shares of the company’s stock worth $26,000 after purchasing an additional 645 shares during the last quarter. BlackRock Inc. grew its position in Flanigan’s Enterprises by 41.1% in the second quarter. BlackRock Inc. now owns 3,033 shares of the company’s stock valued at $93,000 after acquiring an additional 884 shares during the last quarter. Finally, EA Series Trust acquired a new position in Flanigan’s Enterprises during the 2nd quarter worth approximately $303,000. Institutional investors and hedge funds own 11.62% of the company’s stock.

About Flanigan’s Enterprises

(Get Free Report)

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.

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