Insider Selling: BurgerFi International, Inc. (NASDAQ:BFI) Major Shareholder Sells $12,000.00 in Stock

BurgerFi International, Inc. (NASDAQ:BFIGet Free Report) major shareholder John Rosatti Revocable Trust sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $0.60, for a total transaction of $12,000.00. Following the transaction, the insider now owns 3,170,096 shares of the company’s stock, valued at approximately $1,902,057.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Tuesday, January 30th, John Rosatti Revocable Trust sold 20,000 shares of BurgerFi International stock. The stock was sold at an average price of $0.65, for a total transaction of $13,000.00.
  • On Tuesday, January 16th, John Rosatti Revocable Trust sold 20,000 shares of BurgerFi International stock. The stock was sold at an average price of $0.68, for a total transaction of $13,600.00.
  • On Friday, January 12th, John Rosatti Revocable Trust sold 20,000 shares of BurgerFi International stock. The stock was sold at an average price of $0.72, for a total transaction of $14,400.00.
  • On Wednesday, January 10th, John Rosatti Revocable Trust sold 20,000 shares of BurgerFi International stock. The shares were sold at an average price of $0.77, for a total transaction of $15,400.00.
  • On Monday, January 8th, John Rosatti Revocable Trust sold 20,000 shares of BurgerFi International stock. The shares were sold at an average price of $0.81, for a total transaction of $16,200.00.
  • On Thursday, January 4th, John Rosatti Revocable Trust sold 20,000 shares of BurgerFi International stock. The shares were sold at an average price of $0.78, for a total transaction of $15,600.00.
  • On Thursday, December 28th, John Rosatti Revocable Trust sold 20,000 shares of BurgerFi International stock. The shares were sold at an average price of $0.93, for a total transaction of $18,600.00.
  • On Tuesday, December 26th, John Rosatti Revocable Trust sold 20,000 shares of BurgerFi International stock. The shares were sold at an average price of $0.84, for a total transaction of $16,800.00.
  • On Friday, December 22nd, John Rosatti Revocable Trust sold 20,000 shares of BurgerFi International stock. The shares were sold at an average price of $0.83, for a total transaction of $16,600.00.
  • On Wednesday, December 20th, John Rosatti Revocable Trust sold 20,000 shares of BurgerFi International stock. The shares were sold at an average price of $0.85, for a total transaction of $17,000.00.

BurgerFi International Trading Up 2.8 %

Shares of BFI opened at $0.60 on Monday. BurgerFi International, Inc. has a twelve month low of $0.54 and a twelve month high of $2.06. The company’s fifty day simple moving average is $0.79 and its 200-day simple moving average is $1.11. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.40 and a quick ratio of 0.36.

BurgerFi International (NASDAQ:BFIGet Free Report) last announced its quarterly earnings results on Wednesday, November 15th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02). The firm had revenue of $39.48 million during the quarter. BurgerFi International had a negative net margin of 26.61% and a negative return on equity of 60.27%.

Institutional Trading of BurgerFi International

Several institutional investors and hedge funds have recently made changes to their positions in the company. M&T Bank Corp grew its holdings in BurgerFi International by 536.3% during the 4th quarter. M&T Bank Corp now owns 201,700 shares of the company’s stock worth $173,000 after acquiring an additional 170,000 shares in the last quarter. Renaissance Technologies LLC grew its holdings in 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 acquiring an additional 126,100 shares in the last quarter. BlackRock Inc. grew its holdings 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 acquiring an additional 5,149 shares in the last quarter. Raymond James & Associates bought a new position in BurgerFi International during the 3rd quarter worth about $83,000. Finally, State Street Corp grew its holdings 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 acquiring an additional 4,113 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors.

About BurgerFi International

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

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