Flanigan’s Enterprises (NYSEAMERICAN:BDL) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

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

Flanigan’s Enterprises Trading Up 0.2 %

The firm has a market capitalization of $46.87 million, a PE ratio of 14.24 and a beta of 0.68. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.46 and a quick ratio of 1.16.

Institutional Trading of Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC grew its holdings in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,030 shares of the company’s stock after buying 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 filing with the Securities and Exchange Commission (SEC). 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.