Biglari (NYSE:BH) Shares Gap Down – What’s Next?

Biglari Holdings Inc. (NYSE:BH) shares gapped down prior to trading on Monday . The stock had previously closed at $394.70, but opened at $376.56. Biglari shares last traded at $390.4650, with a volume of 1,382 shares.

Wall Street Analysts Forecast Growth

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

Biglari Stock Performance

The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.44 and a current ratio of 2.47. The firm has a market capitalization of $876.28 million, a PE ratio of -5.25 and a beta of 0.63. The firm’s 50 day moving average price is $329.09 and its 200-day moving average price is $348.40.

Biglari (NYSE:BH) last announced its quarterly earnings results on Friday, May 8th. The restaurant operator reported ($55.81) earnings per share for the quarter. The business 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 Buying and Selling at Biglari

In other news, major shareholder Sardar Biglari sold 132,421 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $17.27, for a total transaction of $2,286,910.67. Following the transaction, the insider owned 3,644,979 shares in the company, valued at $62,948,787.33. This trade represents a 3.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders purchased 54,952 shares of company stock worth $14,098,396 and sold 439,546 shares worth $7,418,740. 68.53% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Biglari

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp purchased a new position in Biglari during the first quarter valued at $64,000. Empowered Funds LLC raised its position in shares of Biglari by 1.8% during the 1st quarter. Empowered Funds LLC now owns 9,433 shares of the restaurant operator’s stock worth $2,043,000 after purchasing an additional 165 shares during the last quarter. Jane Street Group LLC purchased a new position in Biglari in the 1st quarter valued at about $257,000. American Century Companies Inc. acquired a new stake in Biglari in the 2nd quarter worth about $339,000. Finally, Invesco Ltd. purchased a new stake in Biglari during the 2nd quarter worth approximately $2,815,000. 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.