Short Interest in Biglari Holdings Inc. (NYSE:BH) Increases By 27.8%

Biglari Holdings Inc. (NYSE:BH) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 122,706 shares, an increase of 27.8% from the February 26th total of 96,033 shares. Based on an average daily trading volume, of 159,152 shares, the days-to-cover ratio is currently 0.8 days. Currently, 17.0% of the shares of the company are short sold.

Biglari Stock Performance

Shares of BH stock traded up $16.06 during midday trading on Tuesday, hitting $327.40. The company had a trading volume of 42,512 shares, compared to its average volume of 111,762. The stock has a market cap of $749.73 million, a price-to-earnings ratio of -2.28 and a beta of 0.81. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.43 and a quick ratio of 2.40. The company’s 50 day simple moving average is $366.59 and its 200 day simple moving average is $351.43. Biglari has a 52-week low of $195.05 and a 52-week high of $483.60.

Biglari (NYSE:BH) last released its quarterly earnings results on Saturday, February 28th. The restaurant operator reported ($2.38) EPS for the quarter. Biglari had a positive return on equity of 2.51% and a negative net margin of 9.48%.The company had revenue of $99.87 million for the quarter.

Insider Transactions at Biglari

In related news, CEO Sardar Biglari purchased 3,320 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were purchased at an average price of $301.06 per share, for a total transaction of $999,519.20. Following the transaction, the chief executive officer directly owned 1,342,620 shares of the company’s stock, valued at approximately $404,209,177.20. The trade was a 0.25% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders bought 9,717 shares of company stock valued at $2,978,074. Insiders own 68.53% of the company’s stock.

Institutional Trading of Biglari

Several hedge funds have recently made changes to their positions in BH. Jones Financial Companies Lllp purchased a new stake in shares of Biglari in the first quarter valued at about $64,000. Empowered Funds LLC lifted its position in Biglari by 1.8% in the first quarter. Empowered Funds LLC now owns 9,433 shares of the restaurant operator’s stock valued at $2,043,000 after purchasing an additional 165 shares during the period. Jane Street Group LLC acquired a new stake in Biglari in the first quarter valued at about $257,000. Police & Firemen s Retirement System of New Jersey boosted its holdings in Biglari by 41.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 171 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 50 shares in the last quarter. Finally, American Century Companies Inc. purchased a new stake in Biglari in the 2nd quarter valued at approximately $339,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

About Biglari

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.