Biglari (NYSE:BH) Shares Gap Up – Still a Buy?

Biglari Holdings Inc. (NYSE:BH)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $383.75, but opened at $413.36. Biglari shares last traded at $380.2550, with a volume of 17,502 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Biglari from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th.

Biglari Stock Performance

The company has a 50 day moving average price of $390.46 and a 200-day moving average price of $344.08. The company has a current ratio of 2.45, a quick ratio of 2.42 and a debt-to-equity ratio of 0.58. The company has a market cap of $882.59 million, a P/E ratio of -3.46 and a beta of 0.63.

Biglari (NYSE:BH) last announced its quarterly earnings data on Friday, August 7th. The restaurant operator reported $158.17 earnings per share for the quarter. Biglari had a positive return on equity of 5.70% and a negative net margin of 7.33%.The business had revenue of $108.52 million during the quarter.

Insider Buying and Selling

In other Biglari news, major shareholder Sardar Biglari sold 132,421 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $17.27, for a total transaction of $2,286,910.67. Following the completion of the transaction, the insider owned 3,644,979 shares of the company’s stock, valued at approximately $62,948,787.33. The trade was a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 558,803 shares of company stock worth $9,427,504 over the last three months. 68.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Biglari

Institutional investors have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd acquired a new position in Biglari during the 1st quarter worth approximately $1,404,000. SG Americas Securities LLC acquired a new stake in Biglari in the first quarter valued at approximately $500,000. Swiss National Bank bought a new stake in shares of Biglari during the first quarter worth $475,000. Hsbc Holdings PLC bought a new stake in shares of Biglari during the fourth quarter worth $498,000. Finally, Deutsche Bank AG increased its holdings in shares of Biglari by 15.1% during the fourth quarter. Deutsche Bank AG now owns 419 shares of the restaurant operator’s stock worth $139,000 after buying an additional 55 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Biglari Company Profile

Biglari Holdings Inc is a diversified holding company that makes strategic investments and operates businesses across multiple industries, with a primary focus on the restaurant, insurance and media sectors. The company seeks to acquire controlling interests in undervalued enterprises and enhance long-term value through active management and operational improvements. Headquartered in San Antonio, Texas, Biglari Holdings approaches each acquisition with a value-oriented philosophy, emphasizing disciplined capital allocation and hands-on oversight.

In the restaurant segment, Biglari Holdings owns and operates Steak ‘n Shake, a national burger and milkshake chain founded in 1934, as well as Western Sizzlin, a buffet and steakhouse brand.