Short Interest in Biglari Holdings Inc. (NYSE:BH) Grows By 10.9%

Biglari Holdings Inc. (NYSE:BH) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 10,200 shares, an increase of 10.9% from the July 15th total of 9,200 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average trading volume of 2,400 shares, the short-interest ratio is presently 4.3 days.

Biglari Price Performance

Biglari stock traded up $0.32 during mid-day trading on Monday, reaching $179.30. 782 shares of the company’s stock traded hands, compared to its average volume of 2,419. Biglari has a 12-month low of $137.01 and a 12-month high of $219.00. The company has a quick ratio of 1.39, a current ratio of 1.42 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average of $188.94 and a two-hundred day moving average of $188.17. The company has a market cap of $408.09 million, a price-to-earnings ratio of 4.00 and a beta of 0.74.

Institutional Trading of Biglari

Institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP increased its holdings in Biglari by 5.5% during the 1st quarter. GSA Capital Partners LLP now owns 2,406 shares of the restaurant operator’s stock worth $456,000 after purchasing an additional 125 shares during the period. Janney Montgomery Scott LLC raised 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 acquiring an additional 395 shares in the last quarter. Acuitas Investments LLC lifted its stake in Biglari by 1.0% in the fourth quarter. Acuitas Investments LLC now owns 14,455 shares of the restaurant operator’s stock worth $2,384,000 after acquiring an additional 144 shares during the period. Virtu Financial LLC purchased a new stake in Biglari in the first quarter worth about $223,000. Finally, Marquette Asset Management LLC increased its holdings in shares of Biglari by 2.3% in the 4th quarter. Marquette Asset Management LLC now owns 3,070 shares of the restaurant operator’s stock valued at $506,000 after acquiring an additional 70 shares during the period. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Biglari from a “buy” rating to a “hold” rating in a report on Monday, August 12th.

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.