James Flanigan II Buys 1,899 Shares of Flanigan’s Enterprises (NYSEAMERICAN:BDL) Stock

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) CEO James Flanigan II bought 1,899 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average price of $31.76 per share, with a total value of $60,312.24. Following the transaction, the chief executive officer owned 983,971 shares of the company’s stock, valued at $31,250,918.96. The trade was a 0.19% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

James Flanigan II also recently made the following trade(s):

• On Tuesday, May 19th, James Flanigan II bought 76 shares of Flanigan’s Enterprises stock. The shares were bought at an average price of $31.46 per share, with a total value of $2,390.96.
• On Friday, May 15th, James Flanigan II bought 25 shares of Flanigan’s Enterprises stock. The shares were bought at an average price of $30.00 per share, with a total value of $750.00.

Flanigan’s Enterprises Price Performance

Shares of NYSEAMERICAN:BDL opened at $32.42 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.47 and a current ratio of 1.84. The firm has a fifty day moving average price of $31.67 and a 200 day moving average price of $31.53. Flanigan’s Enterprises, Inc. has a fifty-two week low of $26.33 and a fifty-two week high of $35.98. The firm has a market cap of $60.30 million, a price-to-earnings ratio of 10.10 and a beta of 0.33.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last issued its earnings results on Tuesday, February 10th. The company reported $0.43 earnings per share for the quarter. Flanigan’s Enterprises had a net margin of 2.84% and a return on equity of 7.46%. The firm had revenue of $52.57 million during the quarter.

Institutional Investors Weigh In On Flanigan’s Enterprises

A number of hedge funds have recently bought and sold shares of BDL. Geode Capital Management LLC purchased a new stake in Flanigan’s Enterprises during the second quarter valued at $249,000. Dimensional Fund Advisors LP raised its stake in 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 purchasing an additional 516 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in Flanigan’s Enterprises by 3.1% during 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 in the last quarter. Hedge funds and other institutional investors own 11.03% of the company’s stock.

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.