BurgerFi International (BFI) Set to Announce Earnings on Tuesday

BurgerFi International (NASDAQ:BFI – Get Rating) will post its quarterly earnings results after the market closes on Tuesday, May 16th. BurgerFi International has set its FY 2023 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

BurgerFi International (NASDAQ:BFI – Get Rating) last posted its quarterly earnings results on Wednesday, March 22nd. The company reported ($1.18) earnings per share for the quarter. The business had revenue of $45.24 million for the quarter. BurgerFi International had a negative return on equity of 42.32% and a negative net margin of 57.87%.

BurgerFi International Stock Performance

BFI opened at $1.43 on Friday. The firm has a market capitalization of $34.07 million, a PE ratio of -0.31 and a beta of 0.28. BurgerFi International has a twelve month low of $0.95 and a twelve month high of $3.67. The firm’s 50-day moving average price is $1.18 and its 200 day moving average price is $1.49. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.80.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BFI. BTIG Research lowered their price target on shares of BurgerFi International from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, March 23rd. EF Hutton Acquisition Co. I initiated coverage on shares of BurgerFi International in a report on Tuesday, April 11th. They issued a “buy” rating and a $2.50 target price on the stock.

Insider Buying and Selling

In other BurgerFi International news, CFO Michael Rabinovitch bought 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The shares were purchased at an average cost of $0.50 per share, with a total value of $50,000.00. Following the purchase, the chief financial officer now directly owns 409,188 shares in the company, valued at $204,594. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Chairman Ophir Sternberg bought 1,158,000 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The shares were purchased at an average cost of $0.50 per share, with a total value of $579,000.00. Following the transaction, the chairman now directly owns 1,878,725 shares of the company’s stock, valued at approximately $939,362.50. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Michael Rabinovitch bought 100,000 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The stock was bought at an average cost of $0.50 per share, for a total transaction of $50,000.00. Following the completion of the transaction, the chief financial officer now directly owns 409,188 shares in the company, valued at $204,594. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 1,318,000 shares of company stock valued at $659,000 and have sold 165,000 shares valued at $211,800. 12.69% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. UBS Group AG boosted its stake in BurgerFi International by 104.0% during the 4th quarter. UBS Group AG now owns 20,339 shares of the company’s stock worth $26,000 after purchasing an additional 10,369 shares during the period. PDT Partners LLC acquired a new stake in BurgerFi International during the 1st quarter worth $67,000. Millennium Management LLC acquired a new stake in BurgerFi International during the 2nd quarter worth $115,000. State Street Corp boosted its stake in BurgerFi International by 10.5% during the 1st quarter. State Street Corp now owns 43,393 shares of the company’s stock worth $181,000 after purchasing an additional 4,113 shares during the period. Finally, BlackRock Inc. boosted its stake in BurgerFi International by 5.4% during the 1st quarter. BlackRock Inc. now owns 100,832 shares of the company’s stock worth $420,000 after purchasing an additional 5,149 shares during the period. 47.39% of the stock is owned by hedge funds and other institutional investors.

About BurgerFi International

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BurgerFi International, Inc engages in the operation of franchised and corporate-owned restaurants. It offers burgers, hotdogs, crispy chicken, frozen custard, hand-cut fries, shakes, beer, and wine. The company was founded by John Rosatti in February 2011 and is headquartered in Fort Lauderdale, FL.