BURGERFI BUY IDEANASDAQ: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:
d1io3yog0oux5.cloudfront.net
