Biglari Holdings Inc. (NYSE:BH) Short Interest Update

Biglari Holdings Inc. (NYSE:BH) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totalling 8,300 shares, a drop of 6.7% from the September 30th total of 8,900 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 1,900 shares, the days-to-cover ratio is presently 4.4 days.

Insider Activity at Biglari

In other news, major shareholder Sardar Biglari acquired 43,161 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was bought at an average cost of $13.59 per share, with a total value of $586,557.99. Following the completion of the purchase, the insider now directly owns 364,731 shares of the company’s stock, valued at $4,956,694.29. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders acquired 189,177 shares of company stock valued at $2,483,158. 71.40% of the stock is owned by corporate insiders.

Institutional Trading of Biglari

Several institutional investors and hedge funds have recently made changes to their positions in BH. Innealta Capital LLC bought a new stake in shares of Biglari in the second quarter valued at about $25,000. BNP Paribas Financial Markets raised its holdings in Biglari by 81.6% in the first quarter. BNP Paribas Financial Markets now owns 356 shares of the restaurant operator’s stock worth $68,000 after purchasing an additional 160 shares in the last quarter. Virtu Financial LLC bought a new position in Biglari in the first quarter worth about $223,000. Ritholtz Wealth Management raised its holdings in Biglari by 40.4% in the second quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock worth $296,000 after purchasing an additional 441 shares in the last quarter. Finally, GSA Capital Partners LLP raised its holdings in Biglari by 5.5% in the first quarter. GSA Capital Partners LLP now owns 2,406 shares of the restaurant operator’s stock worth $456,000 after purchasing an additional 125 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Biglari Stock Performance

BH stock opened at $173.00 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.40. The business has a 50-day moving average price of $171.68 and a 200 day moving average price of $185.72. The company has a market capitalization of $393.75 million, a P/E ratio of -1.29 and a beta of 0.71. Biglari has a 1-year low of $137.01 and a 1-year high of $219.00.

Biglari (NYSE:BH) last released its quarterly earnings data on Friday, August 9th. The restaurant operator reported ($12.87) earnings per share for the quarter. The firm had revenue of $91.14 million during the quarter. Biglari had a negative net margin of 10.35% and a positive return on equity of 1.21%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Biglari from a “buy” rating to a “hold” rating in a research note on Monday, August 12th.

About Biglari

Biglari Holdings Inc, through its subsidiaries, primarily operates and franchises restaurants in the United States. It owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. The company also engages in underwriting commercial trucking insurance; selling physical damage and non-trucking liability insurance to truckers; and providing property and casualty insurance.