Biglari Holdings Inc. (NYSE:BH) Short Interest Down 13.5% in March

Biglari Holdings Inc. (NYSE:BH - Get Free Report) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 6,400 shares, a drop of 13.5% from the March 15th total of 7,400 shares. Based on an average trading volume of 2,500 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.3% of the company's shares are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. StockNews.com raised Biglari from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 28th. TheStreet raised Biglari from a "c" rating to a "b-" rating in a research note on Tuesday, February 27th.

Biglari Trading Down 2.0 %

Shares of NYSE BH traded down $3.93 during trading on Friday, reaching $191.07. The stock had a trading volume of 1,285 shares, compared to its average volume of 2,952. Biglari has a fifty-two week low of $137.01 and a fifty-two week high of $218.50. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.35 and a current ratio of 1.37. The business's 50-day moving average price is $179.30 and its 200-day moving average price is $164.08. The company has a market cap of $435.64 million, a P/E ratio of 1.02 and a beta of 0.81.

Biglari (NYSE:BH - Get Free Report) last released its earnings results on Saturday, February 24th. The restaurant operator reported $154.05 earnings per share (EPS) for the quarter. The firm had revenue of $90.67 million during the quarter. Biglari had a return on equity of 9.18% and a net margin of 15.04%.

Insiders Place Their Bets

In other Biglari news, CEO Sardar Biglari bought 4,030 shares of the business's stock in a transaction on Friday, March 15th. The stock was bought at an average price of $223.22 per share, with a total value of $899,576.60. Following the completion of the purchase, the chief executive officer now directly owns 1,277,216 shares in the company, valued at $285,100,155.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired a total of 10,574 shares of company stock valued at $2,392,064 over the last quarter. 71.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership purchased a new stake in Biglari during the 1st quarter worth about $1,143,000. Goldman Sachs Group Inc. purchased a new stake in shares of Biglari in the 1st quarter valued at about $733,000. Rathbones Group PLC purchased a new stake in shares of Biglari in the 3rd quarter valued at about $382,000. GSA Capital Partners LLP purchased a new stake in shares of Biglari in the 4th quarter valued at about $376,000. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Biglari by 15.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 15,451 shares of the restaurant operator's stock valued at $3,046,000 after purchasing an additional 2,018 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

About Biglari

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.