Short Interest in Biglari Holdings Inc. (NYSE:BH) Grows By 54.2%

Biglari Holdings Inc. (NYSE:BH) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 9,100 shares, an increase of 54.2% from the May 15th total of 5,900 shares. Based on an average daily volume of 2,700 shares, the short-interest ratio is presently 3.4 days. Approximately 0.4% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BH shares. StockNews.com cut shares of Biglari from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. TheStreet upgraded Biglari from a “c” rating to a “b-” rating in a report on Tuesday, February 27th.

Biglari Stock Performance

BH stock traded down $13.19 during trading hours on Friday, hitting $180.02. 5,497 shares of the stock were exchanged, compared to its average volume of 2,198. The company has a 50-day simple moving average of $198.11 and a two-hundred day simple moving average of $179.05. The firm has a market capitalization of $410.45 million, a P/E ratio of 4.03 and a beta of 0.75. Biglari has a 12 month low of $137.01 and a 12 month high of $219.00. The company has a current ratio of 1.42, a quick ratio of 1.39 and a debt-to-equity ratio of 0.15.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Rathbones Group PLC acquired a new stake in shares of Biglari in the 3rd quarter valued at approximately $382,000. WINTON GROUP Ltd acquired a new position in shares of Biglari during the third quarter worth $210,000. Virtu Financial LLC bought a new position in shares of Biglari in the 1st quarter valued at $223,000. Empowered Funds LLC boosted its holdings in shares of Biglari by 6.9% during the 1st quarter. Empowered Funds LLC now owns 8,176 shares of the restaurant operator’s stock valued at $1,551,000 after acquiring an additional 525 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Biglari by 18.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 2,579 shares of the restaurant operator’s stock worth $425,000 after acquiring an additional 395 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

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.