Short Interest in Biglari Holdings Inc. (NYSE:BH) Decreases By 13.5%

Biglari Holdings Inc. (NYSE:BH) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 6,400 shares, a decline of 13.5% from the March 15th total of 7,400 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 2,500 shares, the short-interest ratio is currently 2.6 days.

Wall Street Analyst Weigh In

BH has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Biglari from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 28th. TheStreet upgraded Biglari from a “c” rating to a “b-” rating in a research report on Tuesday, February 27th.

Biglari Price Performance

NYSE:BH traded up $2.05 during trading hours on Tuesday, hitting $195.07. The company’s stock had a trading volume of 1,406 shares, compared to its average volume of 2,526. The company has a market capitalization of $444.76 million, a PE ratio of 1.04 and a beta of 0.81. Biglari has a 52-week low of $137.01 and a 52-week high of $218.50. The business’s 50-day moving average is $180.90 and its two-hundred day moving average is $164.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.35 and a current ratio of 1.37.

Biglari (NYSE:BH) last announced its quarterly earnings results on Saturday, February 24th. The restaurant operator reported $154.05 earnings per share (EPS) for the quarter. The business had revenue of $90.67 million during the quarter. Biglari had a net margin of 15.04% and a return on equity of 9.18%.

Insider Activity at Biglari

In related news, CEO Sardar Biglari bought 1,698 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average price of $180.61 per share, with a total value of $306,675.78. Following the completion of the acquisition, the chief executive officer now owns 1,267,503 shares in the company, valued at approximately $228,923,716.83. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have purchased 10,574 shares of company stock worth $2,392,064 in the last quarter. Company insiders own 71.40% of the company’s stock.

Institutional Investors Weigh In On Biglari

A number of hedge funds and other institutional investors have recently modified their holdings of BH. Lazard Asset Management LLC acquired a new stake in Biglari in the 1st quarter valued at about $28,000. UBS Group AG acquired a new stake in shares of Biglari in the fourth quarter valued at approximately $28,000. Citigroup Inc. increased its stake in shares of Biglari by 11,100.0% during the 2nd quarter. Citigroup Inc. now owns 224 shares of the restaurant operator’s stock worth $44,000 after purchasing an additional 222 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Biglari during the 3rd quarter worth approximately $55,000. Finally, BNP Paribas Arbitrage SNC raised its position in shares of Biglari by 81.0% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 342 shares of the restaurant operator’s stock worth $40,000 after purchasing an additional 153 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

About Biglari

Biglari Holdings Inc, through its subsidiaries, primarily operates and franchises restaurants in the United States. It owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. The company also engages in underwriting commercial trucking insurance; selling physical damage and non-trucking liability insurance to truckers; and providing property and casualty insurance.