Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $26.22. Flanigan’s Enterprises shares last traded at $25.13, with a volume of 1,460 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on shares of Flanigan’s Enterprises in a research note on Monday, October 23rd. They issued a “buy” rating for the company.
Check Out Our Latest Analysis on Flanigan’s Enterprises
Flanigan’s Enterprises Stock Performance
The company has a market cap of $47.63 million, a P/E ratio of 8.83 and a beta of 0.63. The company has a current ratio of 1.73, a quick ratio of 1.40 and a debt-to-equity ratio of 0.29.
Hedge Funds Weigh In On Flanigan’s Enterprises
Large investors have recently bought and sold shares of the stock. EA Series Trust acquired a new position in Flanigan’s Enterprises during the 2nd quarter valued at $303,000. Dimensional Fund Advisors LP raised its stake in shares of Flanigan’s Enterprises by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 53,530 shares of the company’s stock valued at $1,857,000 after buying an additional 1,613 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Flanigan’s Enterprises by 61.5% in the 1st quarter. Vanguard Group Inc. now owns 19,502 shares of the company’s stock valued at $677,000 after buying an additional 7,427 shares in the last quarter. Royal Bank of Canada raised its stake 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. Finally, Captrust Financial Advisors acquired a new position in shares of Flanigan’s Enterprises in the 2nd quarter valued at $114,000. 11.62% of the stock is currently 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. It operates in two segments, Package Stores and Restaurants. The company 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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