Biglari (NYSE:BH) Announces Earnings Results

Biglari (NYSE:BH) released its quarterly earnings results on Friday. The restaurant operator reported $158.17 EPS for the quarter, Zacks reports. Biglari had a negative return on equity of 1.20% and a negative net margin of 4.71%.The business had revenue of $108.52 million during the quarter.

Biglari Stock Down 1.2%

Shares of NYSE:BH opened at $385.42 on Friday. The firm has a market capitalization of $884.16 million, a P/E ratio of -3.53 and a beta of 0.63. 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 stock has a 50 day moving average price of $368.80 and a 200-day moving average price of $348.45. Biglari has a 52-week low of $234.91 and a 52-week high of $483.60.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Biglari

In related news, major shareholder Sardar Biglari sold 80,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $16.90, for a total value of $1,352,000.00. Following the sale, the insider directly owned 66,422 shares of the company’s stock, valued at $1,122,531.80. This represents a 54.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders purchased 54,952 shares of company stock worth $14,098,396 and sold 557,703 shares worth $9,408,738. 68.53% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Biglari

Several institutional investors and hedge funds have recently added to or reduced their stakes in BH. Jones Financial Companies Lllp purchased a new stake in shares of Biglari in the 1st quarter worth about $64,000. Empowered Funds LLC lifted its position in Biglari by 1.8% during the 1st quarter. Empowered Funds LLC now owns 9,433 shares of the restaurant operator’s stock valued at $2,043,000 after acquiring an additional 165 shares during the period. Jane Street Group LLC purchased a new position in Biglari during the 1st quarter valued at about $257,000. American Century Companies Inc. bought a new stake in Biglari during the second quarter worth about $339,000. Finally, Invesco Ltd. bought a new stake in Biglari during the second quarter worth about $2,815,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

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.