Biglari (NYSE:BH) Trading 4.5% Higher - What's Next?

Key Points

• Biglari Holdings Inc. (NYSE:BH) saw its share price increase by 4.5%, closing at $301.38 after trading as high as $294.76, though trading volume declined by 85% from its average.
• The company's latest quarterly earnings reported an EPS of $9.17 and a revenue of $100.62 million, demonstrating a net margin of 10.48%.
• Institutional investors hold a significant stake in Biglari, with 74.30% of shares owned by hedge funds and the largest increases in positions from firms like JPMorgan Chase & Co., which increased its stake by 1,809.5%.

Biglari Holdings Inc. (NYSE:BH - Get Free Report) was up 4.5% during trading on Friday . The stock traded as high as $294.76 and last traded at $301.38. Approximately 2,190 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 14,841 shares. The stock had previously closed at $288.27.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Biglari from a "hold" rating to a "strong-buy" rating in a research report on Saturday.

Biglari Stock Performance

The company has a market capitalization of $688.90 million, a price-to-earnings ratio of 2.07 and a beta of 0.80. The company has a current ratio of 1.38, a quick ratio of 1.35 and a debt-to-equity ratio of 0.16. The stock's 50 day moving average price is $293.09 and its 200 day moving average price is $252.22.

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 (EPS) for the quarter. Biglari had a net margin of 10.48% and a return on equity of 5.28%. The firm had revenue of $100.62 million for the quarter.

Hedge Funds Weigh In On Biglari

A number of institutional investors have recently bought and sold shares of the business. Nuveen LLC acquired a new stake in shares of Biglari in the first quarter valued at approximately $3,965,000. Invesco Ltd. bought a new stake in Biglari in the 4th quarter valued at $4,019,000. Man Group plc bought a new stake in Biglari in the 2nd quarter valued at $872,000. Jump Financial LLC bought a new stake in Biglari in the 2nd quarter valued at $872,000. Finally, Strs Ohio bought a new stake in Biglari in the 1st quarter valued at $498,000. Institutional investors and hedge funds own 74.30% of the company's stock.

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.