BurgerFi International (BFI) Set to Announce Earnings on Wednesday

BurgerFi International (NASDAQ:BFI) will be announcing its 09/30/2023 earnings results before the market opens on Wednesday, November 15th. Analysts expect the company to announce earnings of ($0.17) per share for the quarter. BurgerFi International has set its FY 2023 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

BurgerFi International (NASDAQ:BFI) last posted its earnings results on Wednesday, August 16th. The company reported ($0.19) earnings per share for the quarter. The firm had revenue of $43.43 million for the quarter. BurgerFi International had a negative return on equity of 51.62% and a negative net margin of 25.13%.

BurgerFi International Trading Up 7.7 %

BurgerFi International stock opened at $1.12 on Monday. The stock has a market cap of $30.02 million, a P/E ratio of -0.57 and a beta of 0.50. BurgerFi International has a fifty-two week low of $0.95 and a fifty-two week high of $2.35. The firm’s fifty day moving average price is $1.15 and its 200-day moving average price is $1.40. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.44 and a current ratio of 0.48.

Analysts Set New Price Targets

Separately, BTIG Research decreased their target price on BurgerFi International from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, August 17th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. UBS Group AG increased its position in shares of BurgerFi International by 104.0% during the 4th quarter. UBS Group AG now owns 20,339 shares of the company’s stock valued at $26,000 after purchasing an additional 10,369 shares during the last quarter. Millennium Management LLC bought a new position in shares of BurgerFi International in the second quarter worth approximately $115,000. PDT Partners LLC bought a new position in shares of BurgerFi International during the first quarter valued at about $67,000. State Street Corp lifted its holdings in BurgerFi International by 10.5% in the 1st quarter. State Street Corp now owns 43,393 shares of the company’s stock worth $181,000 after buying an additional 4,113 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in BurgerFi International by 548.3% in the first quarter. Renaissance Technologies LLC now owns 149,100 shares of the company’s stock worth $622,000 after acquiring an additional 126,100 shares during the period. Institutional investors own 39.16% of the company’s stock.

About BurgerFi International

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.