Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Sees Significant Growth in Short Interest

by · The Cerbat Gem

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Get Free Report) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 3,089 shares, a growth of 25.7% from the January 29th total of 2,458 shares. Based on an average daily trading volume, of 631 shares, the days-to-cover ratio is presently 4.9 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 631 shares, the days-to-cover ratio is presently 4.9 days.

Flanigan’s Enterprises Stock Performance

BDL opened at $32.75 on Tuesday. Flanigan’s Enterprises has a 1-year low of $22.61 and a 1-year high of $35.98. The stock has a market cap of $60.91 million, a P/E ratio of 10.53 and a beta of 0.29. The stock’s 50 day simple moving average is $31.74 and its 200 day simple moving average is $30.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.65 and a quick ratio of 1.29.

Flanigan’s Enterprises (NYSEAMERICAN:BDL – Get Free Report) last posted its earnings results on Tuesday, February 10th. The company reported $0.43 earnings per share for the quarter. The company had revenue of $52.57 million for the quarter. Flanigan’s Enterprises had a return on equity of 7.34% and a net margin of 2.79%.

Insider Transactions at Flanigan’s Enterprises

In related news, CEO James Flanigan II bought 1,000 shares of the company’s stock in a transaction on Friday, December 26th. The stock was bought at an average cost of $29.89 per share, with a total value of $29,890.00. Following the completion of the acquisition, the chief executive officer owned 981,996 shares in the company, valued at approximately $29,351,860.44. This represents a 0.10% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 62.30% of the company’s stock.

Hedge Funds Weigh In On Flanigan’s Enterprises

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Flanigan’s Enterprises by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company’s stock valued at $2,032,000 after purchasing an additional 516 shares in the last quarter. Empowered Funds LLC raised its position in shares of Flanigan’s Enterprises by 3.1% during the 1st quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock worth $364,000 after purchasing an additional 445 shares during the last quarter. Finally, Geode Capital Management LLC acquired a new position in shares of Flanigan’s Enterprises during the 2nd quarter worth approximately $249,000. Institutional investors and hedge funds own 11.03% of the company’s stock.

About Flanigan’s Enterprises

(Get Free Report)

Flanigan’s Enterprises, Inc operates as a regional distributor of beer, wine and distilled spirits, serving a range of retail and on-premise accounts throughout Florida. The company manages a network of wholesale distribution centers and provides a portfolio of both domestic and imported beverage brands. Through its Beverage Distribution & Logistics segment, Flanigan’s delivers products to grocery stores, convenience markets, restaurants, bars and clubs, leveraging its industry relationships to secure a diverse assortment of products for its customers.

To support its distribution operations, Flanigan’s Enterprises maintains warehousing, transportation and inventory management capabilities.

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