Biglari (NYSE:BH) Trading Down 14.4% – What’s Next?

Biglari Holdings Inc. (NYSE:BH) shares fell 14.4% during mid-day trading on Monday . The stock traded as low as $269.77 and last traded at $262.66. 11,101 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 99,635 shares. The stock had previously closed at $306.74.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Biglari from a “hold” rating to a “sell” rating in a report on Saturday.

Biglari Stock Up 3.5%

The company has a quick ratio of 2.40, a current ratio of 2.47 and a debt-to-equity ratio of 0.61. The business has a 50-day simple moving average of $313.56 and a 200-day simple moving average of $347.07. The company has a market cap of $587.15 million, a PE ratio of -3.52 and a beta of 0.75.

Biglari (NYSE:BH) last posted its quarterly earnings data on Friday, May 8th. The restaurant operator reported ($55.81) EPS for the quarter. Biglari had a negative net margin of 4.71% and a negative return on equity of 1.20%. The business had revenue of $97.48 million during the quarter.

Insider Buying and Selling

In related news, CEO Sardar Biglari acquired 2,810 shares of Biglari stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $302.20 per share, for a total transaction of $849,182.00. Following the completion of the transaction, the chief executive officer owned 1,345,430 shares of the company’s stock, valued at approximately $406,588,946. The trade was a 0.21% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders have acquired 9,717 shares of company stock valued at $2,978,074. 68.53% of the stock is currently owned by insiders.

Institutional Trading of Biglari

Several institutional investors have recently modified their holdings of the stock. Invesco Ltd. increased its stake in shares of Biglari by 319.8% during the third quarter. Invesco Ltd. now owns 40,443 shares of the restaurant operator’s stock worth $13,089,000 after purchasing an additional 30,810 shares in the last quarter. Two Sigma Investments LP lifted its stake in Biglari by 162.8% in the 3rd quarter. Two Sigma Investments LP now owns 11,563 shares of the restaurant operator’s stock valued at $3,742,000 after buying an additional 7,163 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Biglari by 20.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 32,656 shares of the restaurant operator’s stock worth $10,569,000 after buying an additional 5,650 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Biglari in the 1st quarter worth about $1,404,000. Finally, Man Group plc purchased a new stake in Biglari during the 2nd quarter worth approximately $872,000. 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.