Biglari (NYSE:BH) Sees Strong Trading Volume – Still a Buy?

Biglari Holdings Inc. (NYSE:BH) saw an uptick in trading volume on Monday . 84,840 shares traded hands during trading, a decline of 5% from the previous session’s volume of 88,885 shares.The stock last traded at $374.75 and had previously closed at $384.19.

Analyst Ratings Changes

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

Biglari Trading Up 2.4%

The business’s 50-day moving average is $339.53 and its two-hundred day moving average is $349.78. The company has a current ratio of 2.47, a quick ratio of 2.44 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $898.03 million, a PE ratio of -5.37 and a beta of 0.63.

Biglari (NYSE:BH) last released its quarterly earnings data 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 negative net margin of 4.71% and a negative return on equity of 1.20%.

Insider Activity

In related news, major shareholder Sardar Biglari sold 75,000 shares of the firm’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $16.74, for a total transaction of $1,255,500.00. Following the sale, the insider directly owned 3,560,454 shares in the company, valued at approximately $59,601,999.96. This trade represents a 2.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders bought 54,952 shares of company stock valued at $14,098,396 and sold 439,546 shares valued at $7,418,740. Company insiders own 68.53% of the company’s stock.

Hedge Funds Weigh In On Biglari

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its stake in shares of Biglari by 72.1% during the first quarter. Bank of America Corp DE now owns 1,287 shares of the restaurant operator’s stock valued at $424,000 after purchasing an additional 539 shares during the period. Swiss National Bank purchased a new position in shares of Biglari in the first quarter valued at $475,000. Y Intercept Hong Kong Ltd acquired a new stake in Biglari during the 1st quarter valued at $1,404,000. Strs Ohio grew its holdings in Biglari by 5.6% during the 1st quarter. Strs Ohio now owns 1,900 shares of the restaurant operator’s stock valued at $626,000 after purchasing an additional 100 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Biglari during the 1st quarter valued at $500,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

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.