Biglari (NYSE:BH) Issues 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 data on Friday. The restaurant operator reported $9.17 earnings per share for the quarter, Zacks reports. Biglari had a positive return on equity of 4.27% and a negative net margin of 16.21%.

Biglari Price Performance

Shares of BH traded down $6.13 during trading hours on Friday, hitting $275.18. The stock had a trading volume of 19,286 shares, compared to its average volume of 14,556. The stock has a market capitalization of $627.41 million, a price-to-earnings ratio of -1.25 and a beta of 0.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.14 and a quick ratio of 1.11. The company's fifty day moving average is $287.74 and its two-hundred day moving average is $248.48. Biglari has a 52 week low of $159.69 and a 52 week high of $328.65.

Institutional Trading of Biglari

Several hedge funds have recently modified their holdings of BH. Jane Street Group LLC acquired a new stake in Biglari during the 1st quarter valued at $257,000. Jones Financial Companies Lllp acquired a new position in Biglari during the 1st quarter worth about $64,000. Finally, Empowered Funds LLC grew its stake in shares of Biglari by 1.8% during the first quarter. Empowered Funds LLC now owns 9,433 shares of the restaurant operator's stock valued at $2,043,000 after purchasing an additional 165 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

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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