Biglari Holdings Inc. (NYSE:BH) Short Interest Up 35.7% in August

Key Points

• Biglari Holdings Inc. experienced a 35.7% increase in short interest in August, with 66,500 shares sold short as of August 15th.
• Multiple institutional investors, including Deutsche Bank and Wells Fargo, have recently increased their stakes in Biglari, with 74.30% of the stock now owned by institutional investors.
• Analysts upgraded Biglari's rating from "hold" to "strong-buy" on August 16th, reflecting improved investor sentiment.

Biglari Holdings Inc. (NYSE:BH - Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 66,500 shares, anincreaseof35.7% from the July 31st total of 49,000 shares. Based on an average daily trading volume, of 28,000 shares, the short-interest ratio is presently 2.4 days. Currently,3.2% of the company's shares are sold short. Currently,3.2% of the company's shares are sold short. Based on an average daily trading volume, of 28,000 shares, the short-interest ratio is presently 2.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Deutsche Bank AG bought a new stake in Biglari in the 4th quarter valued at $44,000. Police & Firemen s Retirement System of New Jersey boosted its stake in Biglari by 41.3% in 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 purchasing an additional 50 shares during the period. Jones Financial Companies Lllp bought a new stake in Biglari in the 1st quarter valued at $64,000. Wells Fargo & Company MN boosted its stake in Biglari by 28.2% in the 4th quarter. Wells Fargo & Company MN now owns 427 shares of the restaurant operator's stock valued at $109,000 after purchasing an additional 94 shares during the period. Finally, Bartlett & CO. Wealth Management LLC bought a new stake in Biglari in the 1st quarter valued at $109,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Biglari from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 16th.

Biglari Stock Up 1.0%

Biglari stock traded up $3.25 during midday trading on Monday, reaching $314.56. The stock had a trading volume of 20,349 shares, compared to its average volume of 25,903. The firm's fifty day simple moving average is $301.88 and its 200-day simple moving average is $259.23. Biglari has a 1-year low of $159.69 and a 1-year high of $328.65. The stock has a market capitalization of $717.19 million, a P/E ratio of 2.15 and a beta of 0.80. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.35 and a current ratio of 1.38.

Biglari (NYSE:BH - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The restaurant operator reported $9.17 earnings per share for the quarter. The firm had revenue of $100.62 million for the quarter. Biglari had a return on equity of 5.28% and a net margin of 10.48%.

About Biglari

Biglari Holdings Inc, through its subsidiaries, primarily operates and franchises restaurants in the United States. It owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. The company also engages in underwriting commercial trucking insurance; selling physical damage and non-trucking liability insurance to truckers; and providing property and casualty insurance.

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