Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Sees Significant Increase in Short Interest
by Doug Wharley · The Cerbat GemFlanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 3,031 shares, an increase of 32.2% from the March 15th total of 2,293 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 1,208 shares, the short-interest ratio is currently 2.5 days.
Institutional Trading of Flanigan’s Enterprises
Large investors have recently modified their holdings of the company. Geode Capital Management LLC purchased a new stake in shares of Flanigan’s Enterprises in the second quarter valued at approximately $249,000. Empowered Funds LLC boosted its holdings in shares of Flanigan’s Enterprises by 3.1% in the first quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock valued at $364,000 after purchasing an additional 445 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Flanigan’s Enterprises by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company’s stock valued at $2,032,000 after buying an additional 516 shares during the period. Hedge funds and other institutional investors own 11.03% of the company’s stock.
Flanigan’s Enterprises Trading Down 1.8%
Shares of NYSEAMERICAN BDL traded down $0.55 during mid-day trading on Friday, reaching $30.81. The company had a trading volume of 180 shares, compared to its average volume of 1,039. The business’s 50-day moving average is $32.62 and its 200-day moving average is $31.63. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 0.23. The stock has a market cap of $57.31 million, a price-to-earnings ratio of 9.91 and a beta of 0.34. Flanigan’s Enterprises has a 52 week low of $22.61 and a 52 week high of $35.98.
Flanigan’s Enterprises (NYSEAMERICAN:BDL – Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.43 EPS for the quarter. The firm had revenue of $52.57 million for the quarter. Flanigan’s Enterprises had a net margin of 2.79% and a return on equity of 7.34%.
Flanigan’s Enterprises Company Profile
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.