Biglari (NYSE:BH) Issues Quarterly Earnings Results

Biglari (NYSE:BH) announced its earnings results on Friday. The restaurant operator reported $158.17 earnings per share (EPS) for the quarter, Zacks reports. Biglari had a negative net margin of 4.71% and a negative return on equity of 1.20%.

Biglari Price Performance

NYSE BH traded down $4.81 during trading hours on Friday, hitting $385.42. 116,961 shares of the company’s stock traded hands, compared to its average volume of 101,444. The company has a market capitalization of $882.61 million, a PE ratio of -5.29 and a beta of 0.63. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.47 and a quick ratio of 2.44. Biglari has a 52-week low of $234.91 and a 52-week high of $483.60. The firm’s 50-day moving average is $366.90 and its 200-day moving average is $348.19.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, major shareholder Sardar Biglari sold 80,000 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $16.90, for a total transaction of $1,352,000.00. Following the transaction, the insider owned 66,422 shares of the company’s stock, valued at approximately $1,122,531.80. The trade was a 54.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders acquired 54,952 shares of company stock valued at $14,098,396 and sold 557,703 shares valued at $9,408,738. 68.53% of the stock is owned by company insiders.

Institutional Trading of Biglari

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its holdings in Biglari by 608.3% in the third quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 73 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Biglari in the 1st quarter valued at $64,000. BNP Paribas Financial Markets grew its holdings in shares of Biglari by 863.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 424 shares of the restaurant operator’s stock worth $124,000 after purchasing an additional 380 shares during the period. Deutsche Bank AG increased its position in shares of Biglari by 15.1% during the 4th quarter. Deutsche Bank AG now owns 419 shares of the restaurant operator’s stock worth $139,000 after purchasing an additional 55 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Biglari in the 3rd quarter valued at about $206,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

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.