Short Interest in Biglari Holdings Inc. (NYSE:BH) Decreases By 13.5%

Biglari Holdings Inc. (NYSE:BH) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 6,400 shares, a drop of 13.5% from the March 15th total of 7,400 shares. Based on an average daily volume of 2,500 shares, the short-interest ratio is currently 2.6 days. Approximately 0.3% of the company’s stock are sold short.

Biglari Price Performance

Shares of NYSE:BH traded up $2.05 during trading on Tuesday, hitting $195.07. 1,406 shares of the company’s stock were exchanged, compared to its average volume of 2,526. The business’s 50-day simple moving average is $180.90 and its 200 day simple moving average is $164.47. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.35. Biglari has a 52-week low of $137.01 and a 52-week high of $218.50. The company has a market cap of $444.76 million, a price-to-earnings ratio of 1.04 and a beta of 0.81.

Biglari (NYSE:BH) last posted its earnings results on Saturday, February 24th. The restaurant operator reported $154.05 earnings per share for the quarter. The company had revenue of $90.67 million during the quarter. Biglari had a net margin of 15.04% and a return on equity of 9.18%.

Insider Buying and Selling at Biglari

In related news, CEO Sardar Biglari acquired 1,698 shares of the stock in a transaction on Monday, March 4th. The stock was acquired at an average price of $180.61 per share, for a total transaction of $306,675.78. Following the completion of the purchase, the chief executive officer now owns 1,267,503 shares of the company’s stock, valued at $228,923,716.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders acquired 10,574 shares of company stock valued at $2,392,064. Corporate insiders own 71.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BH. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Biglari during the first quarter valued at $1,143,000. Goldman Sachs Group Inc. purchased a new stake in Biglari in the 1st quarter valued at about $733,000. Rathbones Group PLC bought a new position in Biglari in the 3rd quarter worth about $382,000. GSA Capital Partners LLP purchased a new position in shares of Biglari during the fourth quarter worth approximately $376,000. Finally, Nuveen Asset Management LLC raised its stake in shares of Biglari by 15.0% during the second quarter. Nuveen Asset Management LLC now owns 15,451 shares of the restaurant operator’s stock valued at $3,046,000 after acquiring an additional 2,018 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. StockNews.com raised Biglari from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 28th. TheStreet raised Biglari from a “c” rating to a “b-” rating in a research report on Tuesday, February 27th.

Biglari Company Profile

Biglari Holdings Inc, through its subsidiaries, primarily operates and franchises restaurants in the United States. It owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. The company also engages in underwriting commercial trucking insurance; selling physical damage and non-trucking liability insurance to truckers; and providing property and casualty insurance.