Biglari (NYSE:BH) Sees Strong Trading Volume – Still a Buy?

Biglari Holdings Inc. (NYSE:BH) shares saw unusually-high trading volume on Wednesday . Approximately 380,268 shares traded hands during trading, an increase of 245% from the previous session’s volume of 110,187 shares.The stock last traded at $390.9490 and had previously closed at $390.01.

Analysts Set New Price Targets

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

Biglari Stock Performance

The company has a current ratio of 2.45, a quick ratio of 2.42 and a debt-to-equity ratio of 0.58. The company has a market cap of $899.19 million, a PE ratio of -3.53 and a beta of 0.63. The firm’s 50-day simple moving average is $391.92 and its two-hundred day simple moving average is $344.34.

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

Insider Buying and Selling at Biglari

In other news, major shareholder Sardar Biglari sold 132,421 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $17.27, for a total value of $2,286,910.67. Following the transaction, the insider directly owned 3,644,979 shares of the company’s stock, valued at approximately $62,948,787.33. This represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 558,803 shares of company stock valued at $9,427,504 over the last quarter. 68.53% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Biglari

Several hedge funds and other institutional investors have recently bought and sold shares of BH. Invesco Ltd. boosted its holdings in shares of Biglari by 319.8% in the 3rd quarter. Invesco Ltd. now owns 40,443 shares of the restaurant operator’s stock valued at $13,089,000 after acquiring an additional 30,810 shares during the last quarter. Two Sigma Investments LP grew its position in Biglari by 162.8% during 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 period. Y Intercept Hong Kong Ltd purchased a new position in shares of Biglari during the 1st quarter valued at about $1,404,000. California State Teachers Retirement System lifted its holdings in shares of Biglari by 10,262.2% in the 2nd quarter. California State Teachers Retirement System now owns 3,834 shares of the restaurant operator’s stock valued at $1,633,000 after buying an additional 3,797 shares during the period. Finally, Man Group plc acquired a new stake in Biglari during the second quarter worth about $872,000. 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 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.