Biglari (NYSE:BH) Posts Earnings Results

Biglari (NYSE:BH) posted its quarterly 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 Stock Performance

Shares of BH stock traded down $4.81 during trading hours on Friday, hitting $385.42. The company’s stock had a trading volume of 116,961 shares, compared to its average volume of 101,444. The company has a 50 day moving average of $366.90 and a 200 day moving average of $348.19. The stock has a market cap of $882.61 million, a PE ratio of -5.29 and a beta of 0.63. The company has a current ratio of 2.47, a quick ratio of 2.44 and a debt-to-equity ratio of 0.61. Biglari has a 12-month low of $234.91 and a 12-month high of $483.60.

Insider Activity

In related news, major shareholder Sardar Biglari sold 132,421 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $17.27, for a total transaction of $2,286,910.67. Following the completion of the transaction, the insider directly owned 3,644,979 shares in the company, valued at $62,948,787.33. The trade was a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders have acquired 54,952 shares of company stock worth $14,098,396 and have sold 557,703 shares worth $9,408,738. 68.53% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Biglari

Several institutional investors and hedge funds have recently modified their holdings of BH. Deutsche Bank AG raised its holdings in Biglari by 15.1% in 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 period. Occudo Quantitative Strategies LP boosted its position in Biglari by 6.9% during the third quarter. Occudo Quantitative Strategies LP now owns 1,011 shares of the restaurant operator’s stock worth $327,000 after purchasing an additional 65 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Biglari by 9.5% in the fourth quarter. Wells Fargo & Company MN now owns 785 shares of the restaurant operator’s stock valued at $261,000 after purchasing an additional 68 shares during the period. Russell Investments Group Ltd. grew 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 purchasing an additional 73 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Biglari by 7.1% in the third quarter. Alliancebernstein L.P. now owns 1,501 shares of the restaurant operator’s stock valued at $486,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.