Biglari (NYSE:BH) Announces Quarterly Earnings Results

Biglari (NYSE:BH) posted its quarterly earnings data on Friday. The restaurant operator reported ($20.38) earnings per share for the quarter, FiscalAI reports. The company had revenue of $99.74 million for the quarter. Biglari had a net margin of 10.48% and a return on equity of 5.28%.

Biglari Stock Down 0.0%

NYSE BH opened at $361.50 on Friday. Biglari has a 12 month low of $171.00 and a 12 month high of $381.83. The stock’s 50 day moving average is $337.30 and its 200 day moving average is $296.54. The stock has a market cap of $822.76 million, a PE ratio of 2.47 and a beta of 0.81. The company has a current ratio of 1.38, a quick ratio of 1.35 and a debt-to-equity ratio of 0.16.

Hedge Funds Weigh In On Biglari

Several institutional investors and hedge funds have recently added to or reduced their stakes in BH. Jones Financial Companies Lllp raised its holdings in Biglari by 128.2% in the third quarter. Jones Financial Companies Lllp now owns 89 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 50 shares in the last quarter. CWM LLC grew its position in shares of Biglari by 148.7% in the 3rd quarter. CWM LLC now owns 97 shares of the restaurant operator’s stock worth $31,000 after buying an additional 58 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Biglari during the third quarter valued at approximately $34,000. State of Alaska Department of Revenue acquired a new stake in Biglari in the third quarter valued at approximately $51,000. Finally, Police & Firemen s Retirement System of New Jersey grew its holdings in Biglari by 41.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 171 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Biglari from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 13th.

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.