Biglari Holdings Inc. (NYSE:BH) Sees Large Increase in Short Interest

Biglari Holdings Inc. (NYSE:BH) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 122,706 shares, an increase of 27.8% from the February 26th total of 96,033 shares. Approximately 17.0% of the company’s stock are sold short. Based on an average daily trading volume, of 159,152 shares, the days-to-cover ratio is currently 0.8 days.

Biglari Price Performance

NYSE BH opened at $327.40 on Wednesday. The firm’s 50 day moving average is $364.23 and its 200-day moving average is $351.59. The company has a quick ratio of 2.40, a current ratio of 2.43 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $749.73 million, a PE ratio of -2.28 and a beta of 0.81. Biglari has a 12-month low of $195.05 and a 12-month high of $483.60.

Insider Transactions at Biglari

In other news, CEO Sardar Biglari bought 2,810 shares of the business’s stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $302.20 per share, for a total transaction of $849,182.00. Following the purchase, the chief executive officer owned 1,345,430 shares of the company’s stock, valued at approximately $406,588,946. The trade was a 0.21% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders purchased 9,717 shares of company stock valued at $2,978,074. 68.53% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Biglari

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC grew its holdings in shares of Biglari by 45.4% in the 4th quarter. CWM LLC now owns 141 shares of the restaurant operator’s stock valued at $47,000 after acquiring an additional 44 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its holdings in Biglari by 41.3% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 171 shares of the restaurant operator’s stock worth $50,000 after acquiring an additional 50 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Biglari by 128.2% during the third quarter. Jones Financial Companies Lllp now owns 89 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 50 shares during the last quarter. Deutsche Bank AG boosted its position in Biglari by 15.1% during the fourth quarter. Deutsche Bank AG now owns 419 shares of the restaurant operator’s stock valued at $139,000 after purchasing an additional 55 shares during the last quarter. Finally, Occudo Quantitative Strategies LP grew 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 valued at $327,000 after purchasing an additional 65 shares in the last quarter. 74.30% of the stock is 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.