Biglari (NYSE:BH) Stock Price Down 6.3% – What’s Next?

Biglari Holdings Inc. (NYSE:BH) shares dropped 6.3% during mid-day trading on Friday . The company traded as low as $380.28 and last traded at $369.6830. Approximately 36,771 shares were traded during mid-day trading, a decline of 59% from the average session volume of 89,471 shares. The stock had previously closed at $394.70.

Analyst Ratings Changes

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

Biglari Trading Down 5.9%

The firm has a market cap of $850.85 million, a P/E ratio of -5.10 and a beta of 0.63. 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 company’s fifty day moving average price is $325.62 and its two-hundred day moving average price is $348.08.

Biglari (NYSE:BH) last announced its quarterly earnings results on Friday, May 8th. The restaurant operator reported ($55.81) earnings per share (EPS) for the quarter. The firm had revenue of $97.48 million for 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 9,525 shares of Biglari stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $16.92, for a total value of $161,163.00. Following the completion of the transaction, the insider owned 3,635,454 shares in the company, valued at approximately $61,511,881.68. The trade was a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have purchased 54,952 shares of company stock worth $14,098,396 and have sold 364,546 shares worth $6,163,240. Insiders own 68.53% of the company’s stock.

Hedge Funds Weigh In On Biglari

Several institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its holdings in shares of Biglari by 608.3% during the third quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. CWM LLC raised its holdings in shares of Biglari by 45.4% in the fourth quarter. CWM LLC now owns 141 shares of the restaurant operator’s stock valued at $47,000 after buying an additional 44 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Biglari in the first quarter valued at about $64,000. State of Alaska Department of Revenue lifted its position in Biglari by 120.6% during the 4th quarter. State of Alaska Department of Revenue now owns 353 shares of the restaurant operator’s stock worth $117,000 after buying an additional 193 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Biglari by 863.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 424 shares of the restaurant operator’s stock worth $124,000 after acquiring an additional 380 shares during the last quarter. 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.