Biglari (NYSE:BH.A) Shares Gap Down - Here's What Happened

Key Points

• Biglari Holdings Inc. shares gapped down from a previous close of $1,451.92 to open at $1,411.01 on Monday, with the last trade recorded at $1,474.95.
• The company reported earnings of $23.37 per share and a revenue of $95.04 million for the last quarter.
• Biglari primarily operates and franchises restaurants under the names Steak n Shake and Western Sizzlin, with a significant expansion in both company-operated and franchised units.

Biglari Holdings Inc. (NYSE:BH.A - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $1,451.92, but opened at $1,411.01. Biglari shares last traded at $1,474.95, with a volume of 1,594 shares traded.

Biglari Stock Performance

The firm has a market cap of $3.08 billion, a PE ratio of -6.14 and a beta of 1.04. The stock has a 50 day simple moving average of $1,395.15 and a two-hundred day simple moving average of $1,217.24.

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

Biglari Company Profile

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.