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

Shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) crossed 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 $24.90. Flanigan’s Enterprises shares last traded at $24.90, with a volume of 825 shares.

Analysts Set New Price Targets

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

Flanigan’s Enterprises Trading Down 1.4 %

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

Institutional Trading of Flanigan’s Enterprises

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 3rd quarter, according to its most recent disclosure with the SEC. The firm 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 SEC filing. Institutional investors and hedge funds 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.