Biglari (NYSE:BH) Shares Gap Down – Time to Sell?

Shares of Biglari Holdings Inc. (NYSE:BH) gapped down prior to trading on Monday . The stock had previously closed at $394.70, but opened at $376.56. Biglari shares last traded at $390.4650, with a volume of 1,382 shares.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Biglari from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th.

Biglari Price Performance

The stock has a market capitalization of $881.48 million, a PE ratio of -5.28 and a beta of 0.63. The firm’s 50 day simple moving average is $325.62 and its 200 day simple moving average is $348.04. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.47 and a quick ratio of 2.44.

Biglari (NYSE:BH) last announced its quarterly earnings data on Friday, May 8th. The restaurant operator reported ($55.81) earnings per share (EPS) for the quarter. Biglari had a negative net margin of 4.71% and a negative return on equity of 1.20%. The business had revenue of $97.48 million during the quarter.

Insiders Place Their Bets

In other Biglari news, major shareholder Sardar Biglari sold 9,525 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $16.92, for a total value of $161,163.00. Following the completion of the sale, the insider directly owned 3,635,454 shares of the company’s stock, valued at $61,511,881.68. The trade was a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders have acquired 54,952 shares of company stock valued at $14,098,396 and have sold 364,546 shares valued at $6,163,240. 68.53% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Biglari

A number of hedge funds and other institutional investors have recently modified their holdings of BH. Jones Financial Companies Lllp purchased a new stake in Biglari during the 1st quarter valued at about $64,000. Empowered Funds LLC grew 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 worth $2,043,000 after acquiring an additional 165 shares during the last quarter. Jane Street Group LLC purchased a new position in Biglari in the 1st quarter worth approximately $257,000. American Century Companies Inc. purchased a new position in Biglari in the 2nd quarter worth approximately $339,000. Finally, Invesco Ltd. bought a new stake in Biglari in the second quarter valued at approximately $2,815,000. 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.