Biglari (NYSE:BH) Stock Price Down 7.1% – Here’s What Happened

Biglari Holdings Inc. (NYSE:BH) shares fell 7.1% on Monday . The stock traded as low as $336.35 and last traded at $334.3950. 13,406 shares were traded during trading, a decline of 12% from the average session volume of 15,250 shares. The stock had previously closed at $360.01.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Biglari from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 13th.

Biglari Stock Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.35 and a current ratio of 1.38. The firm has a market capitalization of $761.44 million, a PE ratio of 2.29 and a beta of 0.81. The firm’s 50 day moving average price is $337.30 and its 200-day moving average price is $297.60.

Biglari (NYSE:BH) last announced its quarterly earnings results on Friday, November 7th. The restaurant operator reported ($20.38) earnings per share for the quarter. The business had revenue of $99.74 million during the quarter. Biglari had a net margin of 10.48% and a return on equity of 5.28%.

Institutional Investors Weigh In On Biglari

Several institutional investors and hedge funds have recently added to or reduced their stakes in BH. JPMorgan Chase & Co. lifted its holdings in Biglari by 20.9% during the third quarter. JPMorgan Chase & Co. now owns 32,656 shares of the restaurant operator’s stock valued at $10,569,000 after purchasing an additional 5,650 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Biglari by 128.2% during the third quarter. Jones Financial Companies Lllp now owns 89 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 50 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Biglari during the 3rd quarter worth about $34,000. State of Alaska Department of Revenue purchased a new position in Biglari in the 3rd quarter valued at about $51,000. Finally, CWM LLC lifted its stake in Biglari by 148.7% in the 3rd quarter. CWM LLC now owns 97 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

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.