Biglari (NYSE:BH) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Biglari (NYSE:BH) from a hold rating to a sell rating in a report published on Saturday morning.

Biglari Trading Up 2.1%

NYSE BH opened at $306.98 on Friday. The company’s 50-day moving average price is $320.36 and its 200-day moving average price is $349.06. The company has a current ratio of 2.43, a quick ratio of 2.40 and a debt-to-equity ratio of 0.60. The stock has a market cap of $702.99 million, a PE ratio of -4.21 and a beta of 0.75. Biglari has a 12 month low of $230.12 and a 12 month high of $483.60.

Biglari (NYSE:BH) last posted its quarterly earnings results on Friday, May 8th. The restaurant operator reported ($55.81) EPS for the quarter. The company had revenue of $97.48 million during the quarter. Biglari had a positive return on equity of 2.51% and a negative net margin of 9.48%.

Insider Activity at Biglari

In related news, CEO Sardar Biglari purchased 3,320 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were purchased at an average cost of $301.06 per share, for a total transaction of $999,519.20. Following the completion of the acquisition, the chief executive officer owned 1,342,620 shares in the company, valued at approximately $404,209,177.20. This trade represents a 0.25% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought 9,717 shares of company stock valued at $2,978,074 in the last quarter. Corporate insiders own 68.53% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BH. Invesco Ltd. grew its holdings in Biglari by 319.8% during the 3rd quarter. Invesco Ltd. now owns 40,443 shares of the restaurant operator’s stock worth $13,089,000 after acquiring an additional 30,810 shares in the last quarter. Two Sigma Investments LP grew its holdings in Biglari by 162.8% during the 3rd quarter. Two Sigma Investments LP now owns 11,563 shares of the restaurant operator’s stock worth $3,742,000 after acquiring an additional 7,163 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Biglari by 20.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 32,656 shares of the restaurant operator’s stock worth $10,569,000 after acquiring an additional 5,650 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Biglari during the 1st quarter worth about $1,404,000. Finally, Man Group plc bought a new position in Biglari during the 2nd quarter worth about $872,000. 74.30% of the stock is currently owned by institutional investors.

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.