BurgerFi International, Inc. (NASDAQ:BFI – Get Rating) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 368,200 shares, a growth of 14.8% from the August 15th total of 320,800 shares. Based on an average daily volume of 41,100 shares, the short-interest ratio is presently 9.0 days. Approximately 2.7% of the shares of the company are short sold.
BurgerFi International Stock Up 3.7 %
NASDAQ BFI opened at $3.06 on Friday. The firm has a market cap of $68.09 million, a PE ratio of -0.31 and a beta of 0.29. BurgerFi International has a one year low of $2.79 and a one year high of $9.90. The stock’s 50 day simple moving average is $3.09 and its 200 day simple moving average is $3.47. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.56 and a quick ratio of 0.53.
BurgerFi International (NASDAQ:BFI – Get Rating) last released its quarterly earnings results on Thursday, August 11th. The company reported ($0.23) EPS for the quarter. The business had revenue of $45.30 million for the quarter. BurgerFi International had a negative return on equity of 16.38% and a negative net margin of 143.84%.
Insider Buying and Selling
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Millennium Management LLC bought a new position in BurgerFi International in the 2nd quarter valued at $115,000. PDT Partners LLC acquired a new position in shares of BurgerFi International in the 1st quarter valued at $67,000. State Street Corp lifted its stake in shares of BurgerFi International by 10.5% in the 1st quarter. State Street Corp now owns 43,393 shares of the company’s stock valued at $181,000 after purchasing an additional 4,113 shares during the period. Renaissance Technologies LLC lifted its stake in shares of BurgerFi International by 548.3% in the 1st quarter. Renaissance Technologies LLC now owns 149,100 shares of the company’s stock valued at $622,000 after purchasing an additional 126,100 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of BurgerFi International by 5.4% in the 1st quarter. BlackRock Inc. now owns 100,832 shares of the company’s stock valued at $420,000 after purchasing an additional 5,149 shares during the period. 37.53% of the stock is currently owned by institutional investors.
BurgerFi International Company Profile
BurgerFi International, Inc, together with its subsidiaries, owns and franchises fast-casual and premium-casual dining restaurants. Its restaurants offer burgers, hot dogs, crispy chicken, frozen custard, hand-cut fries, shakes, beer, wine, pizza, coal fired chicken wings, homemade meatballs, and a variety of handcrafted sandwiches and salads.
- Get a free copy of the StockNews.com research report on BurgerFi International (BFI)
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