Biglari (NYSE:BH) Releases Quarterly Earnings Results

Key Points

• Biglari reported quarterly earnings of $9.17 per share, with a positive return on equity of 4.27% but a negative net margin of 16.21%.
• The stock traded down $6.13 to $275.18 with a market capitalization of $627.41 million and a price-to-earnings ratio of -1.25.
• Institutional investors own 74.30% of Biglari's stock, indicating significant investment from hedge funds and institutional investors.

Biglari (NYSE:BH - Get Free Report) released its quarterly earnings results on Friday. The restaurant operator reported $9.17 earnings per share (EPS) for the quarter, Zacks reports. Biglari had a net margin of 10.48% and a return on equity of 5.28%. The company had revenue of $100.62 million for the quarter.

Biglari Trading Down 0.2%

Shares of Biglari stock traded down $0.62 during mid-day trading on Wednesday, hitting $283.34. 6,715 shares of the stock were exchanged, compared to its average volume of 14,751. Biglari has a twelve month low of $159.69 and a twelve month high of $328.65. The stock has a market capitalization of $646.00 million, a price-to-earnings ratio of 1.93 and a beta of 0.80. The company has a 50-day simple moving average of $289.47 and a 200 day simple moving average of $249.85. The company has a current ratio of 1.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.16.

Institutional Investors Weigh In On Biglari

Hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in shares of Biglari during the 1st quarter worth about $64,000. American Century Companies Inc. purchased a new position in shares of Biglari during the 2nd quarter worth about $339,000. Jane Street Group LLC purchased a new position in shares of Biglari during the 1st quarter worth about $257,000. Finally, Empowered Funds LLC lifted its holdings in shares of Biglari by 1.8% during the 1st quarter. Empowered Funds LLC now owns 9,433 shares of the restaurant operator's stock worth $2,043,000 after acquiring an additional 165 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Biglari Company Profile

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.