Revenue Update on Biglari Holdings Inc(NYSE:BH)

Biglari Holdings Inc(NYSE:BH) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 5, 2016. Company reported revenue of $219.11M. Analysts estimated a revenue of $224.31M. Earnings per share were $30.57. Analysts had estimated an EPS of $5.09.

Biglari Holdings Inc (BH) made into the market gainers list on Wednesdays trading session with the shares advancing 3.05% or 13.21 points. Due to strong positive momentum, the stock ended at $446.2, which is also near the day’s high of $449.93. The stock began the session at $430 and the volume stood at 3,648 shares. The 52-week high of the shares is $449.93 and the 52 week low is $321. The company has a current market capitalization of $922 M and it has 20,66,864 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 18, 2016, Kenneth R Cooper (director) purchased 10 shares at $367.69 per share price.Also, On Feb 5, 2016, Fund Ii, L.p. Lion (CEO) purchased 854 shares at $383.99 per share price.On Apr 21, 2015, Capital Corp. Biglari (CEO) purchased 1,215 shares at $411.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Biglari Holdings Inc. (Biglari Holdings) is a holding company. The Company is engaged in a number of business activities. The Company along with its subsidiaries is engaged in investment management and the franchising/operating of restaurants. The Company’s restaurant operations activities are conducted through two restaurant concepts Steak n Shake and Western Sizzlin. As of September 24 2014 Steak n Shake operated 416 company-operated restaurants and 124 franchised units. Western operated 4 company-operated restaurants and 71 franchised units.

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