Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 9,877 shares, a growth of 502.6% from the July 30th total of 1,639 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average trading volume of 49,284 shares, the days-to-cover ratio is presently 0.2 days.
Hedge Funds Weigh In On Flanigan’s Enterprises
Institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its position in Flanigan’s Enterprises by 3.1% in the 1st quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock valued at $364,000 after buying an additional 445 shares during the last quarter. Dimensional Fund Advisors LP raised its position in 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 buying an additional 516 shares during the last quarter. BlackRock Inc. purchased a new position in Flanigan’s Enterprises during the 2nd quarter worth $63,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Flanigan’s Enterprises in the 2nd quarter worth $249,000. Institutional investors and hedge funds own 11.03% of the company’s stock.
Flanigan’s Enterprises Stock Performance
Shares of Flanigan’s Enterprises stock traded down $2.96 during trading on Thursday, reaching $48.81. The company’s stock had a trading volume of 20,813 shares, compared to its average volume of 15,102. The company has a 50-day moving average price of $43.80 and a two-hundred day moving average price of $36.61. Flanigan’s Enterprises has a fifty-two week low of $26.33 and a fifty-two week high of $52.12. The firm has a market cap of $90.79 million, a PE ratio of 13.82 and a beta of 0.28. The company has a current ratio of 2.04, a quick ratio of 1.68 and a debt-to-equity ratio of 0.35.
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.
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