Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Short Interest Up 130.4% in January

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 2,458 shares, an increase of 130.4% from the January 15th total of 1,067 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 767 shares, the short-interest ratio is presently 3.2 days. Based on an average trading volume of 767 shares, the short-interest ratio is presently 3.2 days. Approximately 0.4% of the shares of the stock are short sold.

Flanigan’s Enterprises Price Performance

BDL stock traded up $1.37 during midday trading on Thursday, hitting $33.62. The company’s stock had a trading volume of 314 shares, compared to its average volume of 1,520. The company has a quick ratio of 1.31, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Flanigan’s Enterprises has a 12 month low of $22.61 and a 12 month high of $35.98. The company has a 50 day moving average of $30.87 and a two-hundred day moving average of $30.95. The firm has a market capitalization of $62.53 million, a price-to-earnings ratio of 10.81 and a beta of 0.30.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last released its quarterly earnings data on Friday, December 19th. The company reported $0.48 earnings per share (EPS) for the quarter. Flanigan’s Enterprises had a net margin of 2.79% and a return on equity of 7.37%. The firm had revenue of $49.19 million for the quarter.

Insider Activity

In other Flanigan’s Enterprises news, CEO James Flanigan II bought 866 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The stock was purchased at an average price of $30.00 per share, for a total transaction of $25,980.00. Following the completion of the transaction, the chief executive officer owned 980,996 shares of the company’s stock, valued at $29,429,880. This trade represents a 0.09% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 62.30% of the company’s stock.

Institutional Investors Weigh In On Flanigan’s Enterprises

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC bought a new position in Flanigan’s Enterprises during the second quarter valued at approximately $249,000. Empowered Funds LLC increased its stake in Flanigan’s Enterprises by 3.1% in the 1st quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock worth $364,000 after acquiring an additional 445 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Flanigan’s Enterprises by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company’s stock worth $2,032,000 after acquiring an additional 516 shares in the last quarter. 11.03% of the stock is owned by institutional investors.

About Flanigan’s Enterprises

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.