Biglari Holdings Inc. (NYSE:BH) Short Interest Update

Biglari Holdings Inc. (NYSE:BH) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 28,200 shares, a growth of 20.0% from the March 15th total of 23,500 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average trading volume of 5,000 shares, the days-to-cover ratio is currently 5.6 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. purchased a new stake in Biglari in the 4th quarter worth approximately $4,019,000. JPMorgan Chase & Co. raised its stake in shares of Biglari by 1,809.5% during the 4th quarter. JPMorgan Chase & Co. now owns 16,135 shares of the restaurant operator’s stock worth $4,103,000 after purchasing an additional 15,290 shares in the last quarter. Peapod Lane Capital LLC acquired a new stake in shares of Biglari during the 4th quarter valued at about $3,705,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Biglari in the 4th quarter valued at approximately $680,000. Finally, Ritholtz Wealth Management increased its holdings in Biglari by 131.5% in the first quarter. Ritholtz Wealth Management now owns 3,250 shares of the restaurant operator’s stock worth $704,000 after buying an additional 1,846 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Biglari Stock Performance

BH opened at $219.09 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The firm has a market cap of $498.65 million, a PE ratio of 1.24 and a beta of 0.75. The business has a fifty day simple moving average of $220.86 and a 200-day simple moving average of $216.29. Biglari has a fifty-two week low of $159.69 and a fifty-two week high of $271.35.

Biglari (NYSE:BH) last posted its quarterly earnings data on Saturday, March 1st. The restaurant operator reported ($36.60) EPS for the quarter. The firm had revenue of $91.12 million for the quarter. Biglari had a net margin of 14.14% and a return on equity of 16.03%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Biglari from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th.

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.