Biglari (NYSE:BH) Shares Up 5.1% – What’s Next?

Biglari Holdings Inc. (NYSE:BH)’s share price shot up 5.1% on Tuesday. The stock traded as high as $384.36 and last traded at $384.2070. 54,974 shares were traded during mid-day trading, a decline of 50% from the average session volume of 110,766 shares. The stock had previously closed at $365.54.

Biglari Stock Performance

The stock has a fifty day simple moving average of $371.45 and a two-hundred day simple moving average of $348.28. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.42 and a current ratio of 2.45. The stock has a market capitalization of $951.77 million, a price-to-earnings ratio of -3.75 and a beta of 0.64.

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

Insider Transactions at Biglari

In other Biglari news, major shareholder Sardar Biglari sold 80,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $16.90, for a total transaction of $1,352,000.00. Following the transaction, the insider directly owned 66,422 shares in the company, valued at approximately $1,122,531.80. This trade represents a 54.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 119,257 shares of company stock worth $2,008,764 in the last ninety days. Corporate insiders own 68.53% of the company’s stock.

Institutional Investors Weigh In On Biglari

Large investors have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd purchased a new stake in Biglari during the first quarter valued at about $1,404,000. Engineers Gate Manager LP grew its position in shares of Biglari by 869.7% during the 2nd quarter. Engineers Gate Manager LP now owns 1,920 shares of the restaurant operator’s stock valued at $818,000 after purchasing an additional 1,722 shares in the last quarter. Strs Ohio raised its stake in Biglari by 5.6% in the first quarter. Strs Ohio now owns 1,900 shares of the restaurant operator’s stock valued at $626,000 after purchasing an additional 100 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Biglari during the 1st quarter worth $500,000. Finally, Hsbc Holdings PLC bought a new position in Biglari during the fourth quarter valued at approximately $498,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Biglari Company Profile

Biglari Holdings Inc (NYSE: BH) is a diversified holding company led by Chairman and Chief Executive Officer Sardar Biglari. Rather than operating as a single-industry business, the company owns and manages a collection of operating subsidiaries and investments across the restaurant, insurance, media and investment-management industries.

Its restaurant operations include Steak ‘n Shake, a casual dining chain known for steakburgers and hand-dipped milkshakes, and Western Sizzlin, a steakhouse and buffet concept.