Key Points
- CEO James Flanigan II bought 1,899 shares of Flanigan's Enterprises at an average price of $31.76, increasing his holdings to 983,971 shares worth about $31.25 million.
- The CEO also made two smaller purchases in the surrounding days, including 76 shares on May 19 and 25 shares on May 15, signaling continued insider buying.
- Flanigan's Enterprises stock was up 7.1% and opened at $32.42, while the company reported recent quarterly earnings of $0.43 per share on revenue of $52.57 million.
Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report) CEO James Flanigan II acquired 1,899 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average price of $31.76 per share, for a total transaction of $60,312.24. Following the completion of the acquisition, the chief executive officer owned 983,971 shares in the company, valued at $31,250,918.96. The trade was a 0.19% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through 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 stock was acquired at an average cost of $31.46 per share, for a total transaction of $2,390.96.
- On Friday, May 15th, James Flanigan II bought 25 shares of Flanigan's Enterprises stock. The stock was acquired at an average cost of $30.00 per share, for a total transaction of $750.00.
Flanigan's Enterprises Trading Up 7.1%
BDL opened at $32.42 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.84 and a quick ratio of 1.47. The company's 50 day simple moving average is $31.67 and its two-hundred day simple moving average is $31.53. Flanigan's Enterprises, Inc. has a 1-year low of $26.33 and a 1-year high of $35.98. The firm has a market capitalization of $60.30 million, a price-to-earnings ratio of 10.10 and a beta of 0.33.
Flanigan's Enterprises (NYSEAMERICAN:BDL - Get Free Report) last released 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 business had revenue of $52.57 million for the quarter.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of BDL. Geode Capital Management LLC purchased a new position in Flanigan's Enterprises in the 2nd quarter worth approximately $249,000. Empowered Funds LLC lifted 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 purchasing an additional 445 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Flanigan's Enterprises by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company's stock worth $2,032,000 after purchasing an additional 516 shares in the last quarter. 11.03% of the stock is owned by hedge funds and other institutional investors.
Flanigan's Enterprises Company Profile
(
Get Free Report)
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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