John Rosatti Revocable Trust Sells 5,000 Shares of BurgerFi International, Inc. (NASDAQ:BFI) Stock

BurgerFi International, Inc. (NASDAQ:BFIGet Rating) major shareholder John Rosatti Revocable Trust sold 5,000 shares of the stock in a transaction on Monday, September 19th. The shares were sold at an average price of $3.01, for a total transaction of $15,050.00. Following the completion of the sale, the insider now directly owns 3,552,140 shares of the company’s stock, valued at $10,691,941.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

John Rosatti Revocable Trust also recently made the following trade(s):

  • On Friday, September 16th, John Rosatti Revocable Trust sold 5,000 shares of BurgerFi International stock. The shares were sold at an average price of $2.91, for a total transaction of $14,550.00.
  • On Wednesday, September 14th, John Rosatti Revocable Trust sold 5,000 shares of BurgerFi International stock. The shares were sold at an average price of $2.99, for a total transaction of $14,950.00.
  • On Monday, September 12th, John Rosatti Revocable Trust sold 5,000 shares of BurgerFi International stock. The shares were sold at an average price of $3.05, for a total transaction of $15,250.00.
  • On Friday, September 9th, John Rosatti Revocable Trust sold 5,000 shares of BurgerFi International stock. The stock was sold at an average price of $3.01, for a total transaction of $15,050.00.
  • On Wednesday, September 7th, John Rosatti Revocable Trust sold 5,000 shares of BurgerFi International stock. The stock was sold at an average price of $2.94, for a total transaction of $14,700.00.
  • On Wednesday, August 31st, John Rosatti Revocable Trust sold 5,000 shares of BurgerFi International stock. The shares were sold at an average price of $3.06, for a total transaction of $15,300.00.
  • On Monday, August 29th, John Rosatti Revocable Trust sold 5,000 shares of BurgerFi International stock. The shares were sold at an average price of $2.92, for a total transaction of $14,600.00.
  • On Friday, August 26th, John Rosatti Revocable Trust sold 5,000 shares of BurgerFi International stock. The shares were sold at an average price of $2.95, for a total transaction of $14,750.00.
  • On Wednesday, August 24th, John Rosatti Revocable Trust sold 5,000 shares of BurgerFi International stock. The shares were sold at an average price of $3.08, for a total transaction of $15,400.00.
  • On Monday, August 22nd, John Rosatti Revocable Trust sold 5,000 shares of BurgerFi International stock. The shares were sold at an average price of $3.02, for a total transaction of $15,100.00.

BurgerFi International Stock Down 3.3 %

Shares of BFI stock opened at $2.93 on Wednesday. BurgerFi International, Inc. has a 12-month low of $2.79 and a 12-month high of $9.41. The firm has a 50-day moving average price of $3.08 and a 200 day moving average price of $3.45. 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:BFIGet Rating) last posted its quarterly earnings data on Thursday, August 11th. The company reported ($0.23) earnings per share for the quarter. The company had revenue of $45.30 million during the quarter. BurgerFi International had a negative net margin of 143.84% and a negative return on equity of 16.38%.

Institutional Investors Weigh In On BurgerFi International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC acquired a new stake in BurgerFi International in the 2nd quarter valued at about $115,000. PDT Partners LLC acquired a new stake in BurgerFi International in the 1st quarter valued at about $67,000. State Street Corp grew its position in shares of 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 buying an additional 4,113 shares during the period. Renaissance Technologies LLC grew its position 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 buying an additional 126,100 shares during the period. Finally, BlackRock Inc. grew its position in shares of 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 buying an additional 5,149 shares during the period. Institutional investors and hedge funds own 37.53% of the company’s stock.

About BurgerFi International

(Get Rating)

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.

Further Reading

Insider Buying and Selling by Quarter for BurgerFi International (NASDAQ:BFI)

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