Insider Selling: BurgerFi International, Inc. (NASDAQ:BFI) Major Shareholder Sells $11,600.00 in Stock

Posted by Lars Charter on Mar 28th, 2024

BurgerFi International, Inc. (NASDAQ:BFI – Get Free Report) major shareholder John Rosatti Revocable Trust sold 20,000 shares of BurgerFi International stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $0.58, for a total transaction of $11,600.00. Following the completion of the sale, the insider now owns 2,688,396 shares of the company’s stock, valued at approximately $1,559,269.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 Monday, March 25th, John Rosatti Revocable Trust sold 20,000 shares of BurgerFi International stock. The shares were sold at an average price of $0.58, for a total transaction of $11,600.00.
On Wednesday, March 20th, John Rosatti Revocable Trust sold 20,000 shares of BurgerFi International stock. The stock was sold at an average price of $0.58, for a total value of $11,600.00.
On Monday, March 18th, John Rosatti Revocable Trust sold 20,000 shares of BurgerFi International stock. The shares were sold at an average price of $0.62, for a total value of $12,400.00.
On Thursday, March 14th, John Rosatti Revocable Trust sold 20,000 shares of BurgerFi International stock. The stock was sold at an average price of $0.61, for a total value of $12,200.00.
On Monday, March 4th, John Rosatti Revocable Trust sold 20,000 shares of BurgerFi International stock. The shares were sold at an average price of $0.62, for a total value of $12,400.00.
On Friday, March 1st, John Rosatti Revocable Trust sold 20,000 shares of BurgerFi International stock. The stock was sold at an average price of $0.62, for a total transaction of $12,400.00.
On Wednesday, February 28th, John Rosatti Revocable Trust sold 20,000 shares of BurgerFi International stock. The stock was sold at an average price of $0.60, for a total value of $12,000.00.
On Monday, February 26th, John Rosatti Revocable Trust sold 20,000 shares of BurgerFi International stock. The stock was sold at an average price of $0.61, for a total value of $12,200.00.
On Friday, February 23rd, John Rosatti Revocable Trust sold 20,000 shares of BurgerFi International stock. The shares were sold at an average price of $0.61, for a total value of $12,200.00.
On Wednesday, February 21st, John Rosatti Revocable Trust sold 20,000 shares of BurgerFi International stock. The stock was sold at an average price of $0.69, for a total value of $13,800.00.

BurgerFi International Price Performance

BFI opened at $0.64 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.36 and a current ratio of 0.40. The company’s 50 day moving average is $0.64 and its 200-day moving average is $0.89. BurgerFi International, Inc. has a 1-year low of $0.54 and a 1-year high of $2.06.

Institutional Trading of BurgerFi International

A number of hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG boosted its stake in shares of 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 purchasing an additional 10,369 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of BurgerFi International by 45.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 63,588 shares of the company’s stock valued at $55,000 after acquiring an additional 20,000 shares during the last quarter. PDT Partners LLC acquired a new position in shares of BurgerFi International during the first quarter worth $67,000. Raymond James & Associates bought a new stake in shares of BurgerFi International in the third quarter worth $83,000. Finally, Millennium Management LLC bought a new stake in shares of BurgerFi International in the second quarter worth $115,000. Institutional investors and hedge funds own 15.14% of the company’s stock.

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.