Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Short Interest Up 502.6% in August

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the target of a large growth in short interest during 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 company’s shares are short sold. Based on an average daily volume of 49,284 shares, the short-interest ratio is currently 0.2 days.

Flanigan’s Enterprises Price Performance

Shares of Flanigan’s Enterprises stock opened at $50.57 on Wednesday. The stock has a market cap of $94.06 million, a price-to-earnings ratio of 14.17 and a beta of 0.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.68 and a current ratio of 2.04. The stock has a 50 day moving average price of $43.61 and a 200-day moving average price of $36.47. Flanigan’s Enterprises has a one year low of $26.33 and a one year high of $51.99.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Empowered Funds LLC boosted its stake 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 period. Dimensional Fund Advisors LP grew its holdings 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 valued at $2,032,000 after purchasing an additional 516 shares during the last quarter. BlackRock Inc. purchased a new stake in Flanigan’s Enterprises in the 2nd quarter worth about $63,000. Finally, Geode Capital Management LLC bought a new stake in Flanigan’s Enterprises in the second quarter worth about $249,000. 11.03% of the stock is owned by hedge funds and other 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.