BurgerFi International (BFI) Set to Announce Earnings on Wednesday

BurgerFi International (NASDAQ:BFI – Get Free Report) is set to release its 06/30/2023 earnings data before the market opens on Wednesday, August 16th. Analysts expect BurgerFi International to post earnings of ($0.17) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

BurgerFi International (NASDAQ:BFI – Get Free Report) last issued its earnings results on Tuesday, May 16th. The company reported ($0.35) earnings per share for the quarter. BurgerFi International had a negative return on equity of 47.12% and a negative net margin of 55.16%. The firm had revenue of $45.73 million during the quarter.

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BurgerFi International Price Performance

Shares of BFI stock opened at $1.82 on Monday. BurgerFi International has a twelve month low of $0.95 and a twelve month high of $3.42. The stock has a market capitalization of $43.41 million, a price-to-earnings ratio of -0.41 and a beta of 0.37. The stock has a fifty day simple moving average of $1.73 and a two-hundred day simple moving average of $1.47. The company has a current ratio of 0.46, a quick ratio of 0.42 and a debt-to-equity ratio of 0.87.

Institutional Investors Weigh In On BurgerFi International

Several hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its stake in shares of BurgerFi International by 548.3% during the 1st quarter. Renaissance Technologies LLC now owns 149,100 shares of the company’s stock worth $622,000 after purchasing an additional 126,100 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of BurgerFi International during the 2nd quarter worth $115,000. PDT Partners LLC purchased a new stake in shares of BurgerFi International during the 1st quarter worth $67,000. UBS Group AG raised its stake in BurgerFi International by 104.0% in the fourth quarter. UBS Group AG now owns 20,339 shares of the company’s stock valued at $26,000 after buying an additional 10,369 shares during the last quarter. Finally, BlackRock Inc. raised its stake in BurgerFi International by 5.4% in the first quarter. BlackRock Inc. now owns 100,832 shares of the company’s stock valued at $420,000 after buying an additional 5,149 shares during the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

About BurgerFi International

(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.

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