Biglari (NYSE:BH) Stock Price Down 5.6% – What’s Next?

Biglari Holdings Inc. (NYSE:BH)’s share price dropped 5.6% during trading on Wednesday. The stock traded as low as $419.18 and last traded at $417.3950. 108,495 shares traded hands during trading, a decline of 2% from the average session volume of 110,552 shares. The stock had previously closed at $442.21.

Biglari Trading Down 0.2%

The business has a 50-day simple moving average of $376.28 and a two-hundred day simple moving average of $352.63. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.42 and a current ratio of 2.45. The stock has a market cap of $918.93 million, a price-to-earnings ratio of -3.61 and a beta of 0.64.

Biglari (NYSE:BH) last issued its earnings results on Friday, August 7th. The restaurant operator reported $158.17 earnings per share (EPS) for the quarter. Biglari had a negative net margin of 7.33% and a positive return on equity of 5.70%. The business had revenue of $108.52 million during the quarter.

Insider Buying and Selling

In other news, major shareholder Sardar Biglari sold 80,000 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $16.90, for a total value of $1,352,000.00. Following the completion of the sale, the insider owned 66,422 shares of the company’s stock, valued at approximately $1,122,531.80. The trade was a 54.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 108,257 shares of company stock valued at $1,824,954. Corporate insiders own 68.53% of the company’s stock.

Institutional Investors Weigh In On Biglari

Large investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP lifted its position in shares of Biglari by 869.7% during the 2nd quarter. Engineers Gate Manager LP now owns 1,920 shares of the restaurant operator’s stock worth $818,000 after buying an additional 1,722 shares during the last quarter. Squarepoint Ops LLC bought a new position in Biglari in the 2nd quarter valued at approximately $282,000. Bank of America Corp DE lifted its stake in shares of Biglari by 72.1% in the 1st quarter. Bank of America Corp DE now owns 1,287 shares of the restaurant operator’s stock valued at $424,000 after acquiring an additional 539 shares during the last quarter. Swiss National Bank bought a new stake in Biglari during the 1st quarter worth $475,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Biglari in the 1st quarter worth about $1,404,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Biglari Company Profile

Biglari Holdings Inc is a diversified holding company that owns and operates businesses in the restaurant, insurance, media and investment-management industries. The company is best known for its ownership of Steak ‘n Shake, a casual dining restaurant chain specializing in steakburgers, fries and milkshakes, and Western Sizzlin, a steakhouse and buffet restaurant business.

Through its insurance operations, Biglari Holdings provides commercial trucking coverage and related property and casualty insurance products.