Biglari Holdings Inc (NYSE:BH) Sees Large Increase in Short Interest

Share on StockTwits

Biglari Holdings Inc (NYSE:BH) saw a significant growth in short interest in May. As of May 31st, there was short interest totalling 45,300 shares, a growth of 73.6% from the April 30th total of 26,100 shares. Based on an average daily trading volume, of 9,300 shares, the short-interest ratio is presently 4.9 days. Approximately 2.2% of the shares of the stock are sold short.

Shares of Biglari stock traded down $4.25 during trading on Monday, hitting $101.36. The company’s stock had a trading volume of 434 shares. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 0.56. Biglari has a 52 week low of $88.55 and a 52 week high of $204.99. The firm’s 50-day moving average is $111.85.

Biglari (NYSE:BH) last issued its quarterly earnings data on Friday, May 3rd. The restaurant operator reported $28.36 earnings per share for the quarter. Biglari had a net margin of 3.93% and a return on equity of 5.58%. The company had revenue of $181.86 million for the quarter.

In other Biglari news, Chairman Sardar Biglari acquired 1,980 shares of Biglari stock in a transaction that occurred on Wednesday, May 22nd. The shares were bought at an average price of $370.45 per share, with a total value of $733,491.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought 26,480 shares of company stock valued at $6,352,534 over the last quarter. Company insiders own 57.59% of the company’s stock.

Several institutional investors have recently modified their holdings of BH. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Biglari by 42.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,001 shares of the restaurant operator’s stock worth $682,000 after purchasing an additional 1,801 shares during the last quarter. Rhumbline Advisers bought a new stake in shares of Biglari in the first quarter worth $210,000. Strs Ohio bought a new stake in Biglari during the first quarter valued at $197,000. Prudential Financial Inc. boosted its position in Biglari by 4.0% during the fourth quarter. Prudential Financial Inc. now owns 11,287 shares of the restaurant operator’s stock valued at $1,281,000 after acquiring an additional 429 shares during the last quarter. Finally, Ironwood Investment Management LLC boosted its position in Biglari by 3.6% during the first quarter. Ironwood Investment Management LLC now owns 3,479 shares of the restaurant operator’s stock valued at $492,000 after acquiring an additional 121 shares during the last quarter.

Separately, TheStreet raised shares of Biglari from a “d+” rating to a “c-” rating in a research note on Friday, March 8th.

WARNING: “Biglari Holdings Inc (NYSE:BH) Sees Large Increase in Short Interest” was posted by Week Herald and is owned by of Week Herald. If you are reading this piece on another site, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this piece can be viewed at https://weekherald.com/2019/06/17/biglari-holdings-inc-nysebh-sees-large-increase-in-short-interest.html.

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, 2018, it operated 413 Steak n Shake company-operated restaurants and 213 franchised units; and 4 Western Sizzlin company-operated restaurants and 55 franchised units.

See Also: Margin

Receive News & Ratings for Biglari Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Biglari and related companies with MarketBeat.com's FREE daily email newsletter.