BurgerFi files for bankruptcy protection, plans to keep all locations open [Yahoo! Finance]
BurgerFi International Inc (BFI)
Company Research
Source: Yahoo! Finance
The company, known for high-quality burgers, hot dogs and craft beer and wine, acquired Anthony's Coal Fired Pizza & Wings in 2021 but has been signaling possible financial trouble for months as it coped with rising food prices and declining sales. In May it announced it was undergoing a “strategic review process” and offered no assurance that the process would result in an outcome “favorable to the Company or its shareholders.” Related Articles In August, it warned it had just $4.4 million on hand and expected to report a loss of $18.4 million for the second quarter. It also said then that it might have to file for bankruptcy. In a statement released on Wednesday , the company said the filing in United States Bankruptcy Court in Delaware affected only its 67 corporate-owned locations of both brands and excluded 77 franchisee-owned locations in the United States, Puerto Rico and Saudi Arabia. Jimmy Rosenthal, chief restructuring officer of BurgerFi International Inc. was qu
Show less
Read more
Impact Snapshot
Event Time:
BFI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BFI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BFI alerts
High impacting BurgerFi International Inc news events
Weekly update
A roundup of the hottest topics
BFI
News
- DJT stock falls another 10%. Could Trump Media's plunge finally spell the end for SPACs? [Yahoo! Finance]Yahoo! Finance
- BurgerFi and Anthony's Coal Fired Pizza closed restaurants: Full list and map of shuttered locations [Yahoo! Finance]Yahoo! Finance
- Anthony's Coal Fired Pizza in Cranberry to close as parent company delists from Nasdaq [Yahoo! Finance]Yahoo! Finance
- Here's where to get a free burger on National Cheeseburger Day [Yahoo! Finance]Yahoo! Finance
- Here's where to get a free burger on National Cheeseburger Day [Fortune]Fortune
BFI
Sec Filings
- 9/17/24 - Form 8-K
- 9/5/24 - Form 3
- 8/30/24 - Form 8-K
- BFI's page on the SEC website