Biglari (NYSE:BH) Announces Quarterly Earnings Results

Biglari (NYSE:BH) released its quarterly earnings results on Friday. The restaurant operator reported $158.17 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 Price Performance

Shares of NYSE:BH traded down $4.81 during trading on Friday, reaching $385.42. The company had a trading volume of 116,961 shares, compared to its average volume of 101,444. The company has a fifty day moving average of $366.90 and a two-hundred day moving average of $348.19. The stock has a market capitalization of $882.61 million, a P/E ratio of -5.29 and a beta of 0.63. Biglari has a 12 month low of $234.91 and a 12 month high of $483.60. The company has a current ratio of 2.47, a quick ratio of 2.44 and a debt-to-equity ratio of 0.61.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, major shareholder Sardar Biglari sold 80,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $16.90, for a total value of $1,352,000.00. Following the completion of the transaction, the insider directly owned 66,422 shares in the company, valued at approximately $1,122,531.80. The trade was a 54.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have acquired 54,952 shares of company stock worth $14,098,396 and have sold 557,703 shares worth $9,408,738. Corporate insiders own 68.53% of the company’s stock.

Hedge Funds Weigh In On Biglari

Large investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its stake in shares of Biglari by 9.5% in the 4th 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 in the last quarter. EntryPoint Capital LLC purchased a new position in Biglari in the 4th quarter worth $246,000. Inceptionr LLC purchased a new position in Biglari in the 4th quarter worth $353,000. Occudo Quantitative Strategies LP lifted its stake in Biglari by 6.9% in 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 during the last quarter. Finally, American Century Companies Inc. purchased a new stake in Biglari during the second quarter valued at about $339,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

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.