Biglari Holdings Inc. (BH) on Focus After Forming Double Bottom Chart Pattern

September 8, 2018 - By Ash Maslow

Biglari Holdings Inc. (NYSE:BH) Logo

The chart of Biglari Holdings Inc. (BH) shows a double bottom with $177.34 target or 8.00 % below today’s $192.76 share price. The 9 months chart pattern indicates high risk for the $591.48 million company. It was reported on Sep, 8 by Finviz.com. If the $177.34 price target is reached, the company will be worth $47.32 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.48% or $0.92 during the last trading session, reaching $192.76. About 2,736 shares traded. Biglari Holdings Inc. (NYSE:BH) has 0.00% since September 8, 2017 and is . It has underperformed by 12.57% the S&P500.

Biglari Holdings Inc., through its subsidiaries, operates and franchises restaurants in the United States. The company has market cap of $591.48 million. The firm owns, operates, and franchises restaurants under restaurant concepts, including Steak n Shake, an American brand serving premium burgers and milk shakes; and Western, which offers signature steak dishes and other classic American menu items, as well operates other concepts, such as Great American Steak & Buffet and Wood Grill Buffet consisting of hot and cold food buffet style dining. It has a 4.28 P/E ratio. As of December 31, 2017, it operated 415 Steak n Shake company-operated restaurants and 200 franchised units; and 4 Western company-operated restaurants and 58 franchised units.

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