Biglari (NYSE:BH) Shares Gap Up – Should You Buy?

Shares of Biglari Holdings Inc. (NYSE:BH) gapped up before the market opened on Tuesday . The stock had previously closed at $383.75, but opened at $413.36. Biglari shares last traded at $380.2550, with a volume of 17,502 shares.

Wall Street Analyst Weigh In

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 company has a market capitalization of $853.84 million, a price-to-earnings ratio of -3.35 and a beta of 0.63. 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 50 day moving average price of $387.98 and a 200 day moving average price of $343.59.

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

Insider Activity

In other Biglari news, major shareholder Sardar Biglari sold 132,421 shares of the business’s 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 completion of the transaction, the insider directly owned 3,644,979 shares of the company’s stock, valued at approximately $62,948,787.33. The trade was a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 558,803 shares of company stock valued at $9,427,504. 68.53% of the stock is owned by insiders.

Institutional Investors Weigh In On Biglari

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. lifted its position in Biglari by 319.8% during the 3rd quarter. Invesco Ltd. now owns 40,443 shares of the restaurant operator’s stock worth $13,089,000 after buying an additional 30,810 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of Biglari by 162.8% in the 3rd quarter. Two Sigma Investments LP now owns 11,563 shares of the restaurant operator’s stock valued at $3,742,000 after acquiring an additional 7,163 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Biglari in the 1st quarter valued at about $1,404,000. California State Teachers Retirement System increased its position in shares of Biglari by 10,262.2% in the second quarter. California State Teachers Retirement System now owns 3,834 shares of the restaurant operator’s stock valued at $1,633,000 after acquiring an additional 3,797 shares during the last quarter. Finally, Man Group plc acquired a new stake in shares of Biglari in the second quarter valued at 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.