Flanigan’s Enterprises (NYSEAMERICAN:BDL) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) 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 $25.29. Flanigan’s Enterprises shares last traded at $25.25, with a volume of 3,176 shares trading hands.

Analysts Set New Price Targets

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

Flanigan’s Enterprises Stock Performance

The company has a current ratio of 1.58, a quick ratio of 1.23 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $46.97 million, a PE ratio of 14.03 and a beta of 0.68.

Hedge Funds Weigh In On Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC grew its position in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,030 shares of the company’s stock after buying an additional 670 shares during the quarter. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 11.03% of the company’s stock.

About Flanigan’s Enterprises

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.