Biglari Holdings Inc. (NYSE:BH) Sees Significant Growth in Short Interest

Key Points

• Short interest jumped 27.8% in March to 122,706 shares (about 17.0% of the stock) with a days-to-cover ratio of 0.8 days.
• CEO Sardar Biglari purchased 3,320 shares at an average $301.06 on March 9, raising his stake to 1,342,620 shares and contributing to insiders owning about 68.53% of the company.
• Biglari reported a quarterly loss of ($2.38) EPS and a negative net margin of 9.48%, while its market capitalization is roughly $701.4 million.

Biglari Holdings Inc. (NYSE:BH - Get Free Report) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 122,706 shares, a growth of 27.8% from the February 26th total of 96,033 shares. Approximately 17.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 159,152 shares, the days-to-cover ratio is presently 0.8 days.

Biglari Price Performance

BH opened at $305.75 on Monday. The firm has a market capitalization of $701.38 million, a PE ratio of -2.13 and a beta of 0.81. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.43 and a quick ratio of 2.40. The business's 50-day moving average is $369.58 and its two-hundred day moving average is $351.47. Biglari has a 1 year low of $195.05 and a 1 year high of $483.60.

Biglari (NYSE:BH - Get Free Report) last released its quarterly earnings results on Saturday, February 28th. The restaurant operator reported ($2.38) EPS for the quarter. Biglari had a negative net margin of 9.48% and a positive return on equity of 2.51%. The firm had revenue of $99.87 million for the quarter.

Insider Activity at Biglari

In other news, CEO Sardar Biglari purchased 3,320 shares of the business's stock in a transaction that occurred on Monday, March 9th. The shares were bought at an average cost of $301.06 per share, for a total transaction of $999,519.20. Following the acquisition, the chief executive officer owned 1,342,620 shares of the company's stock, valued at approximately $404,209,177.20. This trade represents a 0.25% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders purchased 9,717 shares of company stock valued at $2,978,074. 68.53% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Biglari

Several institutional investors have recently bought and sold shares of BH. Russell Investments Group Ltd. increased its position in shares of Biglari by 608.3% during the third quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator's stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Biglari by 128.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 89 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 50 shares in the last quarter. CWM LLC grew its stake in Biglari by 148.7% during the 3rd quarter. CWM LLC now owns 97 shares of the restaurant operator's stock worth $31,000 after buying an additional 58 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Biglari during the 3rd quarter worth $34,000. Finally, Police & Firemen s Retirement System of New Jersey increased its position in Biglari by 41.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 171 shares of the restaurant operator's stock valued at $50,000 after buying an additional 50 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

About Biglari

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.

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