Biglari (NYSE:BH) Sees Unusually-High Trading Volume – Time to Buy?

Biglari Holdings Inc. (NYSE:BH) saw an uptick in trading volume on Wednesday . Approximately 230,952 shares traded hands during trading, an increase of 140% from the previous session’s volume of 96,335 shares.The stock last traded at $390.3440 and had previously closed at $376.43.

Analyst Upgrades and Downgrades

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

Biglari Stock Up 3.5%

The company has a quick ratio of 2.44, a current ratio of 2.47 and a debt-to-equity ratio of 0.61. The company’s fifty day moving average price is $350.66 and its 200-day moving average price is $350.44. The stock has a market capitalization of $891.87 million, a PE ratio of -5.33 and a beta of 0.63.

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

Insider Activity at Biglari

In other news, major shareholder Sardar Biglari sold 11,000 shares of the firm’s stock in a transaction on Friday, July 17th. The stock was sold at an average price of $16.71, for a total transaction of $183,810.00. Following the completion of the transaction, the insider directly owned 3,538,961 shares in the company, valued at $59,136,038.31. This trade represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders acquired 54,952 shares of company stock valued at $14,098,396 and sold 450,546 shares valued at $7,602,550. Corporate insiders own 68.53% of the company’s stock.

Hedge Funds Weigh In On Biglari

A number of hedge funds have recently bought and sold shares of the company. Invesco Ltd. grew its position in Biglari by 319.8% during the 3rd quarter. Invesco Ltd. now owns 40,443 shares of the restaurant operator’s stock valued at $13,089,000 after purchasing an additional 30,810 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of Biglari by 162.8% in the third quarter. Two Sigma Investments LP now owns 11,563 shares of the restaurant operator’s stock worth $3,742,000 after buying an additional 7,163 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Biglari in the first quarter worth approximately $1,404,000. Man Group plc purchased a new stake in shares of Biglari during the second quarter valued at approximately $872,000. Finally, Jump Financial LLC purchased a new stake in shares of Biglari during the second quarter valued at approximately $872,000. 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.