Flanigan’s Enterprises (NYSEAMERICAN:BDL) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $24.90. Flanigan’s Enterprises shares last traded at $24.90, with a volume of 825 shares traded.

Wall Street Analyst Weigh In

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

Flanigan’s Enterprises Stock Down 1.4 %

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.46. The company has a market cap of $46.31 million, a P/E ratio of 14.07 and a beta of 0.68.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC lifted its position in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,030 shares of the company’s stock after acquiring an additional 670 shares during the quarter. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 at the end of the most recent quarter. 11.03% of the stock is owned by institutional investors.

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.