BTIG Research Reaffirms “Buy” Rating for BurgerFi International (NASDAQ:BFI)

BurgerFi International (NASDAQ:BFIGet Rating)‘s stock had its “buy” rating restated by analysts at BTIG Research in a research note issued to investors on Thursday, TipRanks reports. They presently have a $11.00 price target on the stock. BTIG Research’s price objective indicates a potential upside of 172.95% from the company’s current price.

NASDAQ:BFI opened at $4.03 on Thursday. BurgerFi International has a 52 week low of $3.61 and a 52 week high of $14.19. The stock’s 50-day moving average price is $4.55 and its 200-day moving average price is $6.19.

Several large investors have recently bought and sold shares of BFI. Morgan Stanley boosted its holdings in BurgerFi International by 158.5% in the 3rd quarter. Morgan Stanley now owns 5,591 shares of the company’s stock worth $49,000 after buying an additional 3,428 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in BurgerFi International in the 4th quarter worth about $69,000. Millennium Management LLC acquired a new stake in BurgerFi International in the 4th quarter worth about $87,000. Royal Bank of Canada boosted its holdings in BurgerFi International by 31.1% in the 2nd quarter. Royal Bank of Canada now owns 9,282 shares of the company’s stock worth $93,000 after buying an additional 2,200 shares during the last quarter. Finally, UBS Group AG lifted its stake in BurgerFi International by 141.4% in the 3rd quarter. UBS Group AG now owns 12,261 shares of the company’s stock worth $106,000 after purchasing an additional 7,181 shares in the last quarter. Hedge funds and other institutional investors own 35.01% of the company’s stock.

About BurgerFi International (Get Rating)

BurgerFi International, Inc, together with its subsidiaries, operates as a franchisor of quick service restaurants. Its products include burgers, hot dogs, crispy chicken, frozen custard, hand-cut fries, shakes, beer, wine, and others. As of May 25, 2021, it operated approximately 120 BurgerFi restaurants in the United States and internationally.

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