Biglari Holdings Inc. (NYSE:BH) Short Interest Down 13.5% in March

Biglari Holdings Inc. (NYSE:BH) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 6,400 shares, a decline of 13.5% from the March 15th total of 7,400 shares. Based on an average daily volume of 2,500 shares, the days-to-cover ratio is currently 2.6 days. Approximately 0.3% of the company’s stock are sold short.

Insider Transactions at Biglari

In other news, CEO Sardar Biglari purchased 674 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost of $232.44 per share, with a total value of $156,664.56. Following the completion of the transaction, the chief executive officer now owns 1,268,412 shares of the company’s stock, valued at approximately $294,829,685.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have acquired a total of 10,574 shares of company stock valued at $2,392,064 over the last 90 days. 71.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership bought a new position in Biglari in the 1st quarter valued at approximately $1,143,000. Goldman Sachs Group Inc. bought a new position in Biglari in the 1st quarter valued at approximately $733,000. Rathbones Group PLC bought a new position in Biglari in the 3rd quarter valued at approximately $382,000. GSA Capital Partners LLP bought a new position in Biglari in the 4th quarter valued at approximately $376,000. Finally, Nuveen Asset Management LLC raised its holdings in Biglari by 15.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 15,451 shares of the restaurant operator’s stock valued at $3,046,000 after buying an additional 2,018 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on BH. StockNews.com upgraded shares of Biglari from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 28th. TheStreet upgraded shares of Biglari from a “c” rating to a “b-” rating in a report on Tuesday, February 27th.

Biglari Price Performance

Biglari stock traded up $2.05 during trading hours on Tuesday, reaching $195.07. 1,406 shares of the stock were exchanged, compared to its average volume of 2,526. The company has a market cap of $444.76 million, a P/E ratio of 1.04 and a beta of 0.81. The company has a current ratio of 1.37, a quick ratio of 1.35 and a debt-to-equity ratio of 0.14. Biglari has a twelve month low of $137.01 and a twelve month high of $218.50. The stock has a 50 day moving average of $180.90 and a two-hundred day moving average of $164.47.

Biglari (NYSE:BH) last posted its earnings results on Saturday, February 24th. The restaurant operator reported $154.05 EPS for the quarter. The firm had revenue of $90.67 million during the quarter. Biglari had a net margin of 15.04% and a return on equity of 9.18%.

Biglari Company Profile

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.