Biglari (NYSE:BH.A) Sees Large Volume Increase - Still a Buy?

Key Points

• Biglari Holdings Inc. (NYSE:BH.A) experienced a significant 338% increase in trading volume on Monday, with 10,404 shares traded compared to 2,377 shares the previous session.
• The stock is currently priced at $1,534.06, down from a previous close of $1,561.44, with a market capitalization of $3.48 billion.
• In its latest quarterly earnings report, Biglari reported $23.37 earnings per share and revenue of $95.04 million.

Biglari Holdings Inc. (NYSE:BH.A - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 10,404 shares traded hands during mid-day trading, an increase of 338% from the previous session's volume of 2,377 shares.The stock last traded at $1,534.06 and had previously closed at $1,561.44.

Biglari Stock Performance

The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of -6.95 and a beta of 1.00. The firm has a fifty day moving average of $1,351.02 and a 200-day moving average of $1,194.12.

Biglari (NYSE:BH.A - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The company reported $23.37 earnings per share (EPS) for the quarter. The company had revenue of $95.04 million during the quarter.

About Biglari

Biglari Holdings Inc, through its subsidiaries, primarily operates and franchises restaurants in the United States. The company owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. As of December 31, 2019, it operated 368 Steak n Shake company-operated restaurants and 213 franchised units; and 4 Western Sizzlin company-operated restaurants and 48 franchised units.

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