Biglari (NYSE:BH) Stock Price Down 14.4% – Here’s Why

Biglari Holdings Inc. (NYSE:BH)’s stock price was down 14.4% on Monday . The stock traded as low as $269.77 and last traded at $262.66. Approximately 11,101 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 99,635 shares. The stock had previously closed at $306.74.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Biglari from a “hold” rating to a “sell” rating in a report on Saturday.

Biglari Trading Down 18.9%

The stock has a market cap of $569.83 million, a P/E ratio of -3.42 and a beta of 0.75. The company has a current ratio of 2.43, a quick ratio of 2.40 and a debt-to-equity ratio of 0.60. The stock’s fifty day moving average price is $320.36 and its 200 day moving average price is $349.06.

Biglari (NYSE:BH) last announced its earnings results on Friday, May 8th. The restaurant operator reported ($55.81) EPS for the quarter. Biglari had a negative net margin of 4.71% and a negative return on equity of 1.18%. The business had revenue of $97.48 million for the quarter.

Insider Activity at Biglari

In other Biglari news, CEO Sardar Biglari bought 2,810 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average price of $302.20 per share, for a total transaction of $849,182.00. Following the acquisition, the chief executive officer owned 1,345,430 shares in the company, valued at approximately $406,588,946. This represents a 0.21% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have acquired 9,717 shares of company stock worth $2,978,074. Insiders own 68.53% of the company’s stock.

Institutional Trading of Biglari

A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in shares of Biglari by 20.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 32,656 shares of the restaurant operator’s stock worth $10,569,000 after purchasing an additional 5,650 shares during the last quarter. Two Sigma Investments LP raised its position in shares of Biglari by 162.8% in the 3rd quarter. Two Sigma Investments LP now owns 11,563 shares of the restaurant operator’s stock worth $3,742,000 after purchasing an additional 7,163 shares during the last quarter. Invesco Ltd. purchased a new position in shares of Biglari in the 2nd quarter worth about $2,815,000. Occudo Quantitative Strategies LP raised its position in shares of Biglari by 135.5% in the 4th quarter. Occudo Quantitative Strategies LP now owns 2,381 shares of the restaurant operator’s stock worth $792,000 after purchasing an additional 1,370 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of Biglari by 7.2% in the 4th quarter. LPL Financial LLC now owns 2,052 shares of the restaurant operator’s stock worth $682,000 after purchasing an additional 138 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.