Short Interest in Biglari Holdings Inc. (NYSE:BH) Decreases By 14.5%

Biglari Holdings Inc. (NYSE:BH - Get Free Report) saw a significant decrease in short interest during 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. Based on an average daily volume of 9,700 shares, the short-interest ratio is currently 2.5 days. Approximately 1.2% of the company's stock are sold short.

Biglari Stock Performance

Shares of Biglari stock traded up $6.54 on Friday, reaching $263.65. 20,923 shares of the stock were exchanged, compared to its average volume of 8,156. The firm has a market capitalization of $600.06 million, a PE ratio of 1.49 and a beta of 0.74. Biglari has a 1-year low of $159.69 and a 1-year high of $271.35. The business has a fifty day moving average price of $231.47 and a two-hundred day moving average price of $230.53. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17.

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

Analyst Ratings Changes

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

Institutional Trading of Biglari

Several large investors have recently bought and sold shares of BH. Nuveen LLC acquired a new stake in shares of Biglari during the 1st quarter worth about $3,965,000. Nuveen Asset Management LLC raised its holdings in shares of Biglari by 1.0% in the 4th quarter. Nuveen Asset Management LLC now owns 16,821 shares of the restaurant operator's stock worth $4,277,000 after purchasing an additional 164 shares during the period. JPMorgan Chase & Co. lifted its position in Biglari by 1,809.5% during the fourth quarter. JPMorgan Chase & Co. now owns 16,135 shares of the restaurant operator's stock valued at $4,103,000 after buying an additional 15,290 shares in the last quarter. Invesco Ltd. purchased a new stake in Biglari during the 4th quarter worth $4,019,000. Finally, Bridgeway Capital Management LLC boosted its position in shares of Biglari by 1.1% in the first quarter. Bridgeway Capital Management LLC now owns 15,633 shares of the restaurant operator's stock worth $3,385,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

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.