Biglari (NYSE:BH) Stock Falls 5.6% – Should You Sell?

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

Biglari Stock Performance

The company has a quick ratio of 2.42, a current ratio of 2.45 and a debt-to-equity ratio of 0.58. The stock has a market cap of $971.28 million, a price-to-earnings ratio of -3.83 and a beta of 0.64. The stock’s fifty day moving average is $375.64 and its 200-day moving average is $351.61.

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

Insider Transactions at Biglari

In other news, major shareholder Sardar Biglari sold 80,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider owned 66,422 shares in the company, valued at $1,122,531.80. This trade represents a 54.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 108,257 shares of company stock valued at $1,824,954. 68.53% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Biglari

Several hedge funds have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new stake in Biglari in the first quarter valued at approximately $1,404,000. SG Americas Securities LLC bought a new position in shares of Biglari during the 1st quarter worth approximately $500,000. Swiss National Bank bought a new position in shares of Biglari during the 1st quarter worth approximately $475,000. Hsbc Holdings PLC bought a new position in shares of Biglari during the 4th quarter worth approximately $498,000. Finally, Engineers Gate Manager LP increased its holdings 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 acquiring an additional 1,722 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Biglari Company Profile

Biglari Holdings Inc (NYSE: BH) is a diversified holding company led by Chairman and Chief Executive Officer Sardar Biglari. Rather than operating as a single-industry business, the company owns and manages a collection of operating subsidiaries and investments across the restaurant, insurance, media and investment-management industries.

Its restaurant operations include Steak ‘n Shake, a casual dining chain known for steakburgers and hand-dipped milkshakes, and Western Sizzlin, a steakhouse and buffet concept.