Last Updated: 16 Sep 2024
Executive Summary
Burgerfi International Inc. (BFI) is a quick service restaurant franchisor with a market capitalization of $359.81 million. The company has been facing challenges in recent quarters, with declining revenue and negative earnings. The stock price has fallen significantly in the past year, and currently trades at $0.13.
Company Overview
Burgerfi was founded in 2011 and is headquartered in North Palm Beach, Florida. The company operates over 100 restaurants in the United States and internationally. Burgerfi's menu features burgers, fries, shakes, and other American classics.
Fundamental Analysis
Burgerfi's financial performance has been weak in recent quarters. Revenue declined by 6.2% in the most recent quarter, and the company reported a net loss of $10.5 million. The company's profit margin is negative, and its return on assets and equity are both below zero.
Technical Analysis
The technical analysis of Burgerfi's stock price shows that the stock is in a downtrend. The 50-day moving average is below the 200-day moving average, and the stock is trading below both of these moving averages. The relative strength index (RSI) is also below 30, which indicates that the stock is oversold.
Short Term Outlook
The short-term outlook for Burgerfi is negative. The company's financial performance is weak, and the stock price is in a downtrend. The stock could continue to decline in the short term.
Long Term Outlook
The long-term outlook for Burgerfi is uncertain. The company's financial performance needs to improve in order for the stock to recover. If Burgerfi can improve its profitability, the stock could have upside potential in the long term.
Analyst Recommendations
The majority of analysts who cover Burgerfi have a "sell" rating on the stock. The average analyst target price is $2.00, which is significantly above the current stock price. However, given the company's recent financial performance, it is unlikely that the stock will reach this target price in the near term.
