Biglari Holdings Inc. (NYSE:BH) Short Interest Update

Biglari Holdings Inc. (NYSE:BH - Get Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 24,200 shares, a decrease of 14.5% from the April 30th total of 28,300 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 9,700 shares, the short-interest ratio is presently 2.5 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Biglari from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th.

Biglari Stock Performance

BH traded down $2.84 on Thursday, hitting $257.49. The company's stock had a trading volume of 41,413 shares, compared to its average volume of 8,043. The company's 50 day simple moving average is $230.44 and its 200-day simple moving average is $230.01. The firm has a market cap of $586.05 million, a P/E ratio of 1.46 and a beta of 0.74. Biglari has a 12 month low of $159.69 and a 12 month high of $271.35. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

Biglari (NYSE:BH - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The restaurant operator reported $23.37 EPS for the quarter. The company had revenue of $95.04 million during the quarter. Biglari had a net margin of 14.14% and a return on equity of 16.03%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BH. Nuveen LLC purchased a new stake in Biglari in the 1st quarter worth approximately $3,965,000. Invesco Ltd. purchased a new stake in Biglari in the 4th quarter worth approximately $4,019,000. JPMorgan Chase & Co. lifted its stake in Biglari by 1,809.5% in the 4th quarter. JPMorgan Chase & Co. now owns 16,135 shares of the restaurant operator's stock worth $4,103,000 after purchasing an additional 15,290 shares in the last quarter. Peapod Lane Capital LLC purchased a new stake in Biglari in the 4th quarter worth approximately $3,705,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Biglari in the 4th quarter worth approximately $680,000. 74.30% of the stock is owned by 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.