Weakness Seen in Biglari Holdings (BH): Stock Goes Down 4.9%

Zacks Equity Research
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Biglari Holdings Inc. (BH) saw a big move last session, as the company’s shares fell by nearly 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $418.60 to $448.00 in the past one-month time frame.

Biglari Holdings has seen a flat track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

BH currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the retail restaurants industry include BJ's Restaurants, Inc. (BJRI), Chipotle Mexican Grill, Inc. (CMG) and Jamba, Inc. (JMBA). All these stocks hold a Zacks Rank #1 (Strong Buy).

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