Biglari (NYSE:BH) Stock Price Down 14.4% – Here’s Why

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

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Biglari from a “hold” rating to a “sell” rating in a research report on Saturday.

Biglari Trading Down 18.9%

The firm has a 50-day moving average price of $320.36 and a 200-day moving average price of $349.06. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.40 and a current ratio of 2.43. The stock has a market cap of $569.83 million, a PE ratio of -3.42 and a beta of 0.75.

Biglari (NYSE:BH) last issued its earnings results on Friday, May 8th. The restaurant operator reported ($55.81) earnings per share for the quarter. Biglari had a negative return on equity of 1.18% and a negative net margin of 4.71%.The business had revenue of $97.48 million during the quarter.

Insiders Place Their Bets

In other Biglari news, CEO Sardar Biglari bought 3,320 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was acquired at an average price of $301.06 per share, with a total value of $999,519.20. Following the transaction, the chief executive officer owned 1,342,620 shares in the company, valued at $404,209,177.20. This represents a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders bought 9,717 shares of company stock valued at $2,978,074. 68.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Biglari

A number of hedge funds have recently bought and sold shares of BH. Jones Financial Companies Lllp purchased a new position in Biglari in the 1st quarter worth about $64,000. Empowered Funds LLC raised its position in Biglari by 1.8% in the 1st quarter. Empowered Funds LLC now owns 9,433 shares of the restaurant operator’s stock worth $2,043,000 after buying an additional 165 shares during the last quarter. Jane Street Group LLC purchased a new position in Biglari in the 1st quarter worth about $257,000. American Century Companies Inc. purchased a new position in Biglari in the 2nd quarter worth about $339,000. Finally, Invesco Ltd. purchased a new position in Biglari in the 2nd quarter worth about $2,815,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

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.