BURGERFI BUY IDEA
Updated
NASDAQ:BFI
What do Americans love the most? The good ol' hamburger!
The Numbers: (2019 Financials)
- $18.40 average transaction
- $13.01 average per person check
- 44.75% Prime Margin
- Adjusted EBITDA = $3,690 (In thousands)
Projections:
- 2021 Expected Revenue ~ $160 million
- 2021 Expected EBITDA ~ $10.5 million
Current Partnerships:
- Expansion of "Ghost Kitchens", 25 committed kitchens by December 31st, 2021
- US Air Force, planned bases in Arizona, Colorado, Alaska, Georgia, and Nebraska (For 2021/2022) Potential of more branch partnerships
Big Names invested:
Lion Point Capital - 2,745,938 shares
Morgan Stanley - 205,329 shares
All in all, whether this be a long term hold or a swing trade, the value area to buy into is zoned on the chart. Point of Control is located around $13.
Once entered into the trade, be sure to take profits if previous highs are taken out. If the value area fails, I plan to hold below it since the majority of shares were accumulated at $10.
Reference:
https://d1io3yog0oux5.cloudfront.net/_3e4581781e1e8bb5d7c7043935b75457/burgerfi/db/1086/9681/pdf/OPES_Investor_Deck_12.06.20+-+Update.pdf
What do Americans love the most? The good ol' hamburger!
The Numbers: (2019 Financials)
- $18.40 average transaction
- $13.01 average per person check
- 44.75% Prime Margin
- Adjusted EBITDA = $3,690 (In thousands)
Projections:
- 2021 Expected Revenue ~ $160 million
- 2021 Expected EBITDA ~ $10.5 million
Current Partnerships:
- Expansion of "Ghost Kitchens", 25 committed kitchens by December 31st, 2021
- US Air Force, planned bases in Arizona, Colorado, Alaska, Georgia, and Nebraska (For 2021/2022) Potential of more branch partnerships
Big Names invested:
Lion Point Capital - 2,745,938 shares
Morgan Stanley - 205,329 shares
All in all, whether this be a long term hold or a swing trade, the value area to buy into is zoned on the chart. Point of Control is located around $13.
Once entered into the trade, be sure to take profits if previous highs are taken out. If the value area fails, I plan to hold below it since the majority of shares were accumulated at $10.
Reference:
https://d1io3yog0oux5.cloudfront.net/_3e4581781e1e8bb5d7c7043935b75457/burgerfi/db/1086/9681/pdf/OPES_Investor_Deck_12.06.20+-+Update.pdf
Note
Martha Stewart joins BFI Board of Directors finance.yahoo.com/news/martha-stewart-joins-burgerfi-board-133000030.htmlNote
Some more numbers:Total float is roughly 2 million shares
50% Short float
Short Ratio = 2
finviz.com/quote.ashx?t=bfi
Note
Float updated:finviz.com/quote.ashx?t=bfi
Disclaimer
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