Biglari (NYSE:BH) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Biglari Holdings Inc. (NYSE:BH) saw strong trading volume on Wednesday . 78,225 shares changed hands during mid-day trading, a decline of 28% from the previous session’s volume of 108,639 shares.The stock last traded at $313.0170 and had previously closed at $323.94.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Biglari from a “buy” rating to a “hold” rating in a report on Saturday, November 15th.

Biglari Stock Down 0.6%

The firm has a market capitalization of $697.88 million, a price-to-earnings ratio of -2.16 and a beta of 0.81. The firm has a fifty day moving average price of $391.90 and a 200 day moving average price of $351.02. The company has a current ratio of 2.43, a quick ratio of 2.40 and a debt-to-equity ratio of 0.60.

Biglari (NYSE:BH) last issued its quarterly earnings data on Saturday, February 28th. The restaurant operator reported ($2.38) earnings per share (EPS) for the quarter. The business had revenue of $99.87 million during the quarter. Biglari had a negative net margin of 9.48% and a positive return on equity of 2.51%.

Insider Activity

In related news, CEO Sardar Biglari purchased 3,452 shares of Biglari stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average price of $463.34 per share, for a total transaction of $1,599,449.68. Following the transaction, the chief executive officer directly owned 1,335,713 shares in the company, valued at approximately $618,889,261.42. This represents a 0.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders bought 10,571 shares of company stock valued at $3,876,320 over the last three months. Insiders own 71.40% of the company’s stock.

Hedge Funds Weigh In On Biglari

Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its position in shares of Biglari by 608.3% during the third quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Jones Financial Companies Lllp raised its position in Biglari by 128.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 89 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 50 shares during the last quarter. CWM LLC lifted its holdings in Biglari by 148.7% during the 3rd quarter. CWM LLC now owns 97 shares of the restaurant operator’s stock worth $31,000 after buying an additional 58 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Biglari in the 3rd quarter valued at $34,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its position in Biglari by 41.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 171 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 50 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Biglari Company Profile

Biglari Holdings Inc is a diversified holding company that makes strategic investments and operates businesses across multiple industries, with a primary focus on the restaurant, insurance and media sectors. The company seeks to acquire controlling interests in undervalued enterprises and enhance long-term value through active management and operational improvements. Headquartered in San Antonio, Texas, Biglari Holdings approaches each acquisition with a value-oriented philosophy, emphasizing disciplined capital allocation and hands-on oversight.

In the restaurant segment, Biglari Holdings owns and operates Steak ‘n Shake, a national burger and milkshake chain founded in 1934, as well as Western Sizzlin, a buffet and steakhouse brand.