BurgerFi International (NASDAQ:BFI) Announces Quarterly Earnings Results

BurgerFi International (NASDAQ:BFIGet Free Report) released its earnings results on Wednesday. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02), MarketWatch Earnings reports. The firm had revenue of $39.48 million during the quarter. BurgerFi International had a negative return on equity of 58.74% and a negative net margin of 26.61%.

BurgerFi International Stock Performance

BFI stock traded up $0.08 during midday trading on Friday, reaching $1.23. 73,001 shares of the company’s stock traded hands, compared to its average volume of 48,114. The firm has a market capitalization of $32.96 million, a PE ratio of -0.60 and a beta of 0.50. The company has a 50-day moving average price of $1.12 and a two-hundred day moving average price of $1.40. BurgerFi International has a 52 week low of $0.95 and a 52 week high of $2.16. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.44 and a current ratio of 0.48.

Hedge Funds Weigh In On BurgerFi International

A number of large investors have recently made changes to their positions in BFI. UBS Group AG grew its stake in BurgerFi International by 104.0% during the fourth quarter. UBS Group AG now owns 20,339 shares of the company’s stock valued at $26,000 after acquiring an additional 10,369 shares in the last quarter. PDT Partners LLC purchased a new stake in shares of BurgerFi International in the first quarter worth $67,000. Millennium Management LLC bought a new stake in BurgerFi International during the second quarter valued at $115,000. State Street Corp grew its position in BurgerFi International by 10.5% during the first quarter. State Street Corp now owns 43,393 shares of the company’s stock worth $181,000 after buying an additional 4,113 shares in the last quarter. Finally, BlackRock Inc. grew its position in BurgerFi International by 5.4% during the first quarter. BlackRock Inc. now owns 100,832 shares of the company’s stock worth $420,000 after buying an additional 5,149 shares in the last quarter. 39.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, BTIG Research decreased their price objective on BurgerFi International from $5.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, August 17th.

Get Our Latest Report on BurgerFi International

BurgerFi International Company Profile

(Get Free Report)

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.

Featured Stories

Earnings History for BurgerFi International (NASDAQ:BFI)

Receive News & Ratings for BurgerFi International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BurgerFi International and related companies with MarketBeat.com's FREE daily email newsletter.