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

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) crossed 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.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Flanigan’s Enterprises in a research note on Saturday, January 11th. They issued a “hold” rating on the stock.

Flanigan’s Enterprises Price Performance

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

Institutional Investors Weigh In On Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC increased its holdings in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% during the third quarter, according to the company in its most recent disclosure with the SEC. 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 and hedge funds.

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.