Biglari (NYSE:BH.A) Shares Down 5.8% - Here's Why

Key Points

• Shares of Biglari Holdings fell 5.8% intraday to $1,535.75 on Friday (low $1,548) with ~10,156 shares traded, about 34% below average, and the stock is trading well below its 50‑day ($1,734.42) and 200‑day ($1,804.63) moving averages.
• The firm has a market cap of $3.52 billion, a negative P/E of -10.78, and last reported a quarterly loss of $2.38 EPS on $99.87 million of revenue.

Biglari Holdings Inc. (NYSE:BH.A - Get Free Report)'s share price dropped 5.8% during mid-day trading on Friday . The company traded as low as $1,548.00 and last traded at $1,535.75. Approximately 10,156 shares traded hands during trading, a decline of 34% from the average daily volume of 15,489 shares. The stock had previously closed at $1,630.19.

Biglari Stock Performance

The firm's 50 day moving average price is $1,734.42 and its two-hundred day moving average price is $1,804.63. The company has a market cap of $3.52 billion, a P/E ratio of -10.78 and a beta of 0.71.

Biglari (NYSE:BH.A - Get Free Report) last released its earnings results on Saturday, February 28th. The company reported ($2.38) earnings per share (EPS) for the quarter. The company had revenue of $99.87 million for the quarter.

About Biglari

Biglari Holdings, Inc NYSE: BH.A is a publicly traded diversified holding company headquartered in San Antonio, Texas. Originally founded in 2008 as United States Steak Company, the firm rebranded to Biglari Holdings in 2013 to reflect its expanding investment focus. Under the leadership of founder, Chairman and CEO Sardar Biglari, the company pursues value-oriented acquisitions and portfolio management across multiple industries.

In the restaurant sector, Biglari Holdings operates two established casual-dining chains.

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