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

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)'s stock price gapped down prior to trading 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 stock's 50-day moving average price is $1,388.79 and its two-hundred day moving average price is $1,213.49. The stock has a market capitalization of $3.26 billion, a PE ratio of -6.51 and a beta of 1.04.

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