Short Interest in Biglari Holdings Inc. (NYSE:BH) Decreases By 14.5%

Biglari Holdings Inc. (NYSE:BH) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 24,200 shares, a decline of 14.5% from the April 30th total of 28,300 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 9,700 shares, the short-interest ratio is presently 2.5 days.

Hedge Funds Weigh In On Biglari

Institutional investors have recently bought and sold shares of the stock. Deutsche Bank AG bought a new stake in Biglari during the 4th quarter valued at approximately $44,000. Jones Financial Companies Lllp bought a new stake in shares of Biglari during the first quarter valued at approximately $64,000. Wells Fargo & Company MN raised its position in shares of Biglari by 28.2% during the fourth quarter. Wells Fargo & Company MN now owns 427 shares of the restaurant operator’s stock valued at $109,000 after buying an additional 94 shares during the last quarter. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Biglari in the first quarter worth $109,000. Finally, SG Americas Securities LLC bought a new position in shares of Biglari during the fourth quarter worth $115,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Biglari from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th.

Biglari Price Performance

BH stock opened at $261.05 on Thursday. The stock has a market capitalization of $594.15 million, a price-to-earnings ratio of 1.48 and a beta of 0.74. The firm’s 50-day moving average price is $229.63 and its two-hundred day moving average price is $229.69. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17. Biglari has a 12-month low of $159.69 and a 12-month high of $271.35.

Biglari (NYSE:BH) last issued its quarterly earnings results on Friday, May 9th. The restaurant operator reported $23.37 earnings per share (EPS) for the quarter. The company had revenue of $95.04 million during the quarter. Biglari had a net margin of 14.14% and a return on equity of 16.03%.

Biglari Company Profile

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.