Biglari (NYSE:BH) Announces Quarterly Earnings Results

Biglari (NYSE:BH) released its quarterly earnings results on Friday. The restaurant operator reported $158.17 earnings per share for the quarter, Zacks reports. Biglari had a negative return on equity of 1.20% and a negative net margin of 4.71%.The company had revenue of $108.52 million during the quarter.

Biglari Trading Down 1.2%

BH stock traded down $4.81 during midday trading on Friday, hitting $385.42. The stock had a trading volume of 116,961 shares, compared to its average volume of 175,227. The firm has a market cap of $882.61 million, a PE ratio of -5.29 and a beta of 0.63. 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 has a 12-month low of $234.91 and a 12-month high of $483.60. The company’s 50-day moving average price is $368.80 and its 200 day moving average price is $348.45.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, major shareholder Sardar Biglari sold 80,000 shares of Biglari stock in a transaction on 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 sale, the insider owned 66,422 shares of the company’s stock, valued at $1,122,531.80. The trade was a 54.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders acquired 54,952 shares of company stock worth $14,098,396 and sold 557,703 shares worth $9,408,738. 68.53% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BH. Russell Investments Group Ltd. grew its holdings in Biglari by 608.3% in the third quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 73 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Biglari in the 1st quarter valued at $64,000. BNP Paribas Financial Markets boosted its holdings in shares of Biglari by 863.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 424 shares of the restaurant operator’s stock valued at $124,000 after purchasing an additional 380 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Biglari by 15.1% during the 4th quarter. Deutsche Bank AG now owns 419 shares of the restaurant operator’s stock valued at $139,000 after buying an additional 55 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Biglari during the 3rd quarter worth $206,000. 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.