Short Interest in Biglari Holdings Inc. (NYSE:BH) Rises By 15.4%

Biglari Holdings Inc. (NYSE:BH) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 10,500 shares, an increase of 15.4% from the May 31st total of 9,100 shares. Based on an average trading volume of 2,600 shares, the short-interest ratio is presently 4.0 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Investors Weigh In On Biglari

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BH. Virtu Financial LLC purchased a new stake in Biglari in the first quarter valued at approximately $223,000. Empowered Funds LLC increased its holdings in shares of Biglari by 6.9% in the first quarter. Empowered Funds LLC now owns 8,176 shares of the restaurant operator’s stock valued at $1,551,000 after purchasing an additional 525 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Biglari by 18.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 2,579 shares of the restaurant operator’s stock valued at $425,000 after purchasing an additional 395 shares during the period. Gladius Capital Management LP increased its holdings in shares of Biglari by 128.4% in the fourth quarter. Gladius Capital Management LP now owns 402 shares of the restaurant operator’s stock valued at $66,000 after purchasing an additional 226 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Biglari by 5.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 4,076 shares of the restaurant operator’s stock valued at $677,000 after purchasing an additional 202 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Biglari Stock Down 0.1 %

Shares of BH traded down $0.21 during midday trading on Wednesday, hitting $184.80. The company had a trading volume of 42 shares, compared to its average volume of 2,576. The company’s 50-day simple moving average is $195.96 and its 200-day simple moving average is $181.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.39 and a current ratio of 1.42. The firm has a market capitalization of $421.34 million, a P/E ratio of 4.14 and a beta of 0.74. Biglari has a 1 year low of $137.01 and a 1 year high of $219.00.

Biglari (NYSE:BH) last posted its earnings results on Friday, May 10th. The restaurant operator reported $79.56 earnings per share for the quarter. The firm had revenue of $89.45 million during the quarter. Biglari had a return on equity of 2.11% and a net margin of 3.47%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Biglari from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th.

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.