Biglari (NYSE:BH) Releases Earnings Results

Biglari (NYSE:BH) released its earnings results on Friday. The restaurant operator reported $3.91 earnings per share for the quarter, FiscalAI reports. The company had revenue of $112.07 million for the quarter. Biglari had a negative net margin of 7.33% and a positive return on equity of 5.70%.

Biglari Price Performance

BH stock traded down $8.68 during trading on Friday, reaching $322.56. The company’s stock had a trading volume of 65,984 shares, compared to its average volume of 108,692. Biglari has a 1 year low of $234.91 and a 1 year high of $483.60. The company has a quick ratio of 2.42, a current ratio of 2.45 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $750.59 million, a P/E ratio of -2.95 and a beta of 0.67. The company’s fifty day moving average is $375.15 and its 200-day moving average is $356.95.

Hedge Funds Weigh In On Biglari

Large investors have recently made changes to their positions in the business. Engineers Gate Manager LP raised its stake in Biglari by 869.7% during the 2nd quarter. Engineers Gate Manager LP now owns 1,920 shares of the restaurant operator’s stock valued at $818,000 after purchasing an additional 1,722 shares during the period. Squarepoint Ops LLC purchased a new position in Biglari in the 2nd quarter worth approximately $282,000. Bank of America Corp DE lifted its holdings in Biglari by 72.1% in the 1st quarter. Bank of America Corp DE now owns 1,287 shares of the restaurant operator’s stock worth $424,000 after purchasing an additional 539 shares in the last quarter. Swiss National Bank bought a new position in Biglari in the 1st quarter worth approximately $475,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Biglari in the 1st quarter worth approximately $1,404,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Biglari Company Profile

Biglari Holdings Inc is a diversified holding company that owns and operates businesses in the restaurant, insurance, media and investment-management industries. The company is best known for its ownership of Steak ‘n Shake, a casual dining restaurant chain specializing in steakburgers, fries and milkshakes, and Western Sizzlin, a steakhouse and buffet restaurant business.

Through its insurance operations, Biglari Holdings provides commercial trucking coverage and related property and casualty insurance products.