Biglari Holdings Stock (NYSE:BH), Trade Ideas

Biglari Holdings

Biglari Holdings Inc is a holding company that owns subsidiaries in a range of businesses. The company's reportable segments include Restaurant Operations, Insurance Operations, Oil and Gas Operations, and Maxim. The majority of revenue is derived from the Restaurant Operations segment. The Restaurant Operations segment includes Steak n Shake and Western Sizzlin Restaurant businesses.

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The market mood may continue to be lackluster, with index futures indicating a mixed opening on Wednesday.

US Stocks Set For Mixed Open, Cryptos Slip As Bitcoin ETF Decision Day Arrives: Analyst Says S&amp;P 500 Was &#39;Due For A Break&#39; After Red-Hot 2023 Finish

Short Ideas

Trading Ideas

On Thursday, shares of Biglari Holdings Inc. (NYSE: BH) experienced volatile short activity. After the activity, the stock price went down -3.60% to $123.56. 

The overall sentiment for BH has been Bearish.

Short Volatility Alert: Biglari Holdings

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Biglari Holdings shares are trading higher after the company reported a year-over-year increase in FY23 net earnings results.

Earnings

Reported Saturday, Biglari Holdings FY 2023 Net Earnings $54.95M, Up From Net Loss Of $32.03M YoY; Revenue $365.32M, Down From $368.23M YoY

Biglari Holdings's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BH#NYSE">BH</a>) short percent of float has fallen 4.17% since its last report. The company recently reported that it has 6 thousand shares sold short, which is 0.69% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.67 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Biglari Holdings Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1707417921_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Biglari Holdings has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Biglari Holdings's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Biglari Holdings's peer group average for short interest as a percentage of float is 7.78%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Looking Into Biglari Holdings's Recent Short Interest

The market mood may continue to be lackluster, with index futures indicating a mixed opening on Wednesday. The potential approval of a spot&nbsp;Bitcoin&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) exchange-traded fund is the major event traders are likely anticipating, and a&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/01/36570077/bitcoin-ethereum-dogecoin-drop-after-fake-news-of-spot-etf-approval-200m-worth-of-liquidat" rel="noreferrer noopener">green light from the SEC&nbsp;</a>could spark a rally in both crypto and crypto-linked stocks. However, traders might opt to remain on the sidelines ahead of Thursday&#8217;s inflation data, seeking confirmation of the downward trajectory in prices. Pre-announcements may flow in, impacting both individual stocks and entire sectors.
Cues From Tuesday's Trading:
U.S. stocks mostly closed lower on Tuesday as traders opted to stay on the sidelines in anticipation of the week&#8217;s inflation data. The upward bounce in bond yields also exerted downward pressure on equities. The Dow Industrials remained below the unchanged line for the entire session, and the S&amp;P 500 also traded mostly in the red, although it finished off the session lows.
The tech-heavy Nasdaq Composite Index, despite a weak start, reduced its losses throughout the morning, staying mostly above the flat line in the afternoon before ending slightly higher.
Energy, real estate, utility, material, and financial stocks came under selling pressure on Tuesday.
 US Index Performance On Tuesday
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index </td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.09%</td>
<td>14,857.71</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.15%</td>
<td>4,756.50</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.42%</td>
<td>37,525.16</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.05%</td>
<td>1,968.04</td>
</tr>
</tbody>
</table>
</figure>
Analyst Color:
Carson Group&#8217;s Ryan Detrick said in a recent note that he remains bullish and expects stock prices to grind higher in 2024. The analyst, however, sees potential for some weakness in early 2023. &#8220;This weakness during a normally bullish time of the year has our attention, but after a 9-week win streak closing out 2023 (the longest since 2004), the S&amp;P 500 was likely due for a break,&#8221; the analyst said.
&#8220;The massive breadth thrusts we saw late last year, a healthy economic backdrop, and the pivot to a more dovish Fed still have us in the camp that better times are coming,&#8221; he added.
Futures Today
 Futures Performance On Wednesday
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.19%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.01%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.08%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.07%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.05% to $474.13 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.23% to $406.67, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
The Commerce Department is scheduled to release the wholesale inventories report for November at 10 a.m. ET. Wholesale inventories may have declined 0.2% month-over-month in November following a steeper 0.4% drop in October.
The Energy Information Administration will release its weekly petroleum status report at 10:30 a.m. ET.
The Treasury is scheduled to auction ten-year notes at 1 p.m. ET.
 New York Fed President John Williams is due to speak at 3:15 p.m. ET.
See also:<a href="https://www.benzinga.com/money/best-futures-trading-software"> Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose modestly <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the launch of the company&#8217;s new Model 3 EV in North America.</li>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) continued to move higher, capitalizing on its upward momentum.</li>
<li>Intuitive Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) climbed over 5% in reaction to its positive preannouncement.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) moved down over 2% amid the lingering uncertainty about spot Bitcoin ETF approval.</li>
<li>Juniper Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>) added to its Tuesday&#8217;s gains after Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) confirmed rumors and announced a deal to buy the former.</li>
<li>KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) is scheduled to report its <a href="https://www.benzinga.com/calendars/earnings">quarterly results after the market close.</a></li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures rose 0.19% to $72.38 in early European session on Wednesday following Tuesday&#8217;s 2%+ climb.
The benchmark 10-year Treasury note fell 0.019 percentage points to 3.998% on Wednesday.
Major Asian markets ended mostly lower as the lackluster lead from Wall Street overnight and worries concerning China&#8217;s economic weakness kept sentiment in the region subdued. The Japanese market, however, bucked the downtrend and posted noteworthy gains. 
European stocks traded lower by late-morning trading. 
In the currency market, the U.S. dollar weakened against most major currencies, although firming up against the yen and the Canadian dollar. 
Major cryptocurrencies, including Bitcoin, experienced a retreat following a fake news post suggesting regulatory approval for a spot Bitcoin ETF had been granted. Bitcoin traded around the $35,600 level and may encounter volatility in Wednesday&#8217;s session.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36564250/bank-of-america-predicts-10-2024-market-surprises-from-booming-ipos-to-japanese-equ">Bank Of America Predicts 10 2024 Market Surprises: From Booming IPOs To Japanese Equity Surge</a>

US Stocks Set For Mixed Open, Cryptos Slip As Bitcoin ETF Decision Day Arrives: Analyst Says S&P 500 Was 'Due For A Break' After Red-Hot 2023 Finish

Biglari Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BH#NYSE">BH</a>) reported quarterly earnings of $222.28 per share. The company reported $90.18 million in sales this quarter. This is a 5.63 percent increase over sales of $85.37 million the same period last year.

Biglari Holdings Q1 EPS $222.28, Sales $90.18M Up From $85.37M YoY

On Thursday, shares of Biglari Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bh#NYSE">BH</a>) experienced volatile short activity. After the activity, the stock price went down -3.60% to $123.56.&nbsp;
The overall sentiment for BH has been Bearish.
The signal from the volatility alert is trending Bullish. Therefore, the recommendation is to Reduce Short Exposure.
The volatility alert was produced on the prior trading date, 5/19/2022, with a volatility change of +56.25%. The current volatility indicator stands at 8.113.
Overview: 
The securities lending volatility indicator is produced by Tidal Markets, in partnership with Benzinga Insights. Securities lending primarily serves the purpose of providing liquidity to short sellers. When unusual activity occurs in the securities lending markets, it acts as an upstream indicator to what is likely to occur downstream in the regular stock market.
Understanding the Volatility Alert: 
Overall sentiment is considered &quot;bear&quot; when broad market activity of the stock has been shown to indicate a negative directional basis, or is considered &quot;bull&quot; when indicating a positive directional basis. The securities lending volatility indicator provides a signal when it detects unusual short activity. Unusual short activity is based off a computer generated algorithmic formula utilizing securities lending trade details such as the volume of shares being shorted, the rate being paid to short the shares, and the type of collateral being posted - amongst other variables. The current volatility is the respective trading day&#39;s calculated securities lending volatility value. The volatility percentage change is the percentage difference in volatility between the two most recent days. The recommendation is a suggestive strategy, inferred from the strength of the Signal Trending, Current Volatility, and Volatility % Change. Recommendations may include, &quot;Strong Buy&quot;, &quot;Strong Sell&quot;, &quot;Increase Short Exposure&quot;, &quot;Reduce Short Exposure&quot;, or &quot;Market Neutral&quot;.
ANY INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR IMPLY INVESTMENT ADVICE 
&nbsp;

Biglari Holdings Q1 Net Loss $298K vs $71.707M In Same Qtr. Last Year

<h3>Gainers</h3>
&nbsp;
<ul>
<li>Mullen Automotive, Inc. &nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/muln#NASDAQ">MULN</a>) climbed 145.6% to close at $1.69 on Monday after the company reported progress on solid-state polymer battery pack development.</li>
<li>NeuroSense Therapeutics Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nrsn#NASDAQ">NRSN</a>) jumped 68.8% to settle at $2.60 on Monday after gaining around 8% on Friday.</li>
<li>DSS, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dss#NYSE">DSS</a>) gained 47.2% to close at $0.5660. DSS recently received $17 million investment from Alset EHome International.</li>
<li>China SXT Pharmaceuticals, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sxtc#NASDAQ">SXTC</a>) surged 45.3% to close at $0.2180.</li>
<li>Renewable Energy Group, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/regi#NASDAQ">REGI</a>) shares gained 40.4% to close at $61.50 after &lt;b&gt;Chevron Corp&lt;/b&gt; (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvx#NYSE">CVX</a>) announced an agreement to acquire the company.</li>
<li>IntriCon Corporation&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iin#NASDAQ">IIN</a>) jumped 37.4% to close at $23.93 after the company agreed to be acquired by an affiliate of Altaris Capital Partners for $241 million. IntriCon also posted Q4 EPS of $0.23.</li>
<li>Everbridge, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evbg#NASDAQ">EVBG</a>) jumped 29.1% to close at $39.52.</li>
<li>First Horizon Corporation&nbsp; (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fhn#NYSE">FHN</a>) shares jumped 28.7% to close at $23.48 after TD announced acquisition of the company for $25 per share in cash.</li>
<li>G Medical Innovations Holdings Ltd&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gmvd#NASDAQ">GMVD</a>) gained 27.9% to close at $2.75.</li>
<li>Homology Medicines, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fixx#NASDAQ">FIXX</a>) climbed 26.5% to close at $3.49. HC Wainwright &amp; Co. maintained Homology Medicines with a Buy and lowered the price target from $30 to $20.</li>
<li>Nordic American Tankers Limited&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nat#NYSE">NAT</a>) gained 26% to close at $2.42.</li>
<li>Reata Pharmaceuticals, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/reta#NASDAQ">RETA</a>) climbed 25.3% to close at $32.74 following narrower-than-expected quarterly loss.</li>
<li>Lightbridge Corporation&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ltbr#NASDAQ">LTBR</a>) gained 23.3% to settle at $8.25 ahead of Tuesday&#39;s OPEC+ meeting.</li>
<li>Secoo Holding Limited&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/seco#NASDAQ">SECO</a>) rose 21.9% to close at $0.3998.</li>
<li>Senmiao Technology Limited&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aihs#NASDAQ">AIHS</a>) surged 21.7% to close at $0.2601.</li>
<li>Fangdd Network Group Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/duo#NASDAQ">DUO</a>) gained 21.6% to close at $0.40.</li>
<li>CorMedix Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crmd#NASDAQ">CRMD</a>) gained 21.4% to close at $4.88 after the company announced that it has resubmitted the New Drug Application for DefenCath to address the Complete Response Letter issued by the FDA a year ago.</li>
<li>NextDecade Corporation&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/next#NASDAQ">NEXT</a>) jumped 21.1% to close at $3.39.</li>
<li>Kaival Brands Innovations Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kavl#NASDAQ">KAVL</a>) surged 20.4% to close at $2.95.</li>
<li>Biglari Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bh#NYSE">BH</a>) gained 19.4% to close at $137.43.</li>
<li>Stronghold Digital Mining, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sdig#NASDAQ">SDIG</a>) jumped 19.3% to close at $12.61.</li>
<li>Rani Therapeutics Holdings, Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rani#NASDAQ">RANI</a>) gained 19% to close at $16.69. Rani Therapeutics recently said it sees preliminary Q4 net loss of $13 million to $15 million.</li>
<li>TPI Composites, Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tpic#NASDAQ">TPIC</a>) climbed 18.8% to close at $13.52. Morgan Stanley downgraded TPI Composites from Overweight to Equal-Weight and lowered the price target from $37 to $21.</li>
<li>Puhui Wealth Investment Management Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/phcf#NASDAQ">PHCF</a>) surged 18.5% to close at $1.28.</li>
<li>Trevi Therapeutics, Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trvi#NASDAQ">TRVI</a>) gained 17.9% to close at $0.64. Trevi Therapeutics recently announced positive interim analysis results from Phase 2 CANAL trial of Haduvio (nalbuphine ER) in idiopathic pulmonary fibrosis patients (IPF) suffering from chronic cough.</li>
<li>Ballard Power Systems Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bldp#NASDAQ">BLDP</a>) gained 16.7% to settle at $11.42.</li>
<li>Alfi, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alf#NASDAQ">ALF</a>) rose 16.5% to close at $2.40 after climbing 23% on Friday.</li>
<li>AcelRx Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acrx#NASDAQ">ACRX</a>) surged 16.1% to close at $0.4515.</li>
<li>JinkoSolar Holding Co., Ltd.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jks#NYSE">JKS</a>) gained 16.1% to settle at $50.61.</li>
<li>Baosheng Media Group Holdings Limited&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/baos#NASDAQ">BAOS</a>) surged 16% to close at $0.6751.</li>
<li>Elbit Systems Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eslt#NASDAQ">ESLT</a>) climbed 15.5% to close at $206.06.</li>
<li>MiNK Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inkt#NASDAQ">INKT</a>) gained 14.7% to close at $2.97</li>
<li>Lifeway Foods, Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lway#NASDAQ">LWAY</a>) climbed 14.4% to close at $6.29.</li>
<li>Maxar Technologies Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/maxr#NYSE">MAXR</a>) climbed 13% to close at $32.44.</li>
<li>Imperial Petroleum Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/impp#NASDAQ">IMPP</a>) shares gained 12.9% to close at $2.37 after jumping around 34% on Friday.</li>
<li>RADA Electronic Industries Ltd.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rada#NASDAQ">RADA</a>) gained 12.9% to close at $13.09.</li>
<li>Indonesia Energy Corporation Limited&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/indo#NYSE">INDO</a>) shares gained 12.7% to close at $13.50 after gaining around 4% on Friday.</li>
<li>Gevo, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gevo#NASDAQ">GEVO</a>) jumped 12.3% to close at $3.55. Gevo recently reported worse-than-expected Q4 EPS results.</li>
<li>Seritage Growth Properties&nbsp; (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/srg#NYSE">SRG</a>) climbed 10.5% to close at $10.19. Seritage Growth Properties is exploring strategic alternatives including a sale of the company, Bloomberg said.</li>
<li>Mynaric AG&nbsp; (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/myna#NASDAQ">MYNA</a>) rose 7.2% to close at $10.67.</li>
<li>Azure Power Global Limited&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/azre#NYSE">AZRE</a>) rose 5.8% to settle at $16.55. Azure Power announced change in Board of Directors.</li>
</ul>
&nbsp;
Losers
&nbsp;
<ul>
<li>EPAM Systems, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epam#NYSE">EPAM</a>) tumbled 45.7% to close at $207.75 on Monday after the company announced it withdrew Q1 and FY22 guidance due to uncertainties related to the events in Ukraine.</li>
<li>VEON Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/veon#NASDAQ">VEON</a>) shares dropped 36% to close at $0.5153 after the company reported Q4 results.</li>
<li>Lexicon Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lxrx#NASDAQ">LXRX</a>) fell 27.4% to close at $2.07 after the company reported it voluntarily withdrew the NDA for sotagliflozin and plans prompt resubmission targeted in early Q2 2022. The company also reported Q4 earnings results.</li>
<li>Esports Entertainment Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gmbl#NASDAQ">GMBL</a>) shares fell 25.9% to close at $0.86. Esports Entertainment Group priced its underwritten public offering of 15 million shares and accompanying warrants to buy 15 million shares.</li>
<li>Aurinia Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/auph#NASDAQ">AUPH</a>) shares fell 24.3% to close at $12.30 after the company reported a wider quarterly loss.</li>
<li>Viatris Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtrs#NASDAQ">VTRS</a>) fell 24.3% to close at $11.01 after the company reported worse-than-expected Q4 sales results and issued FY22 sales guidance below estimates. Biocon Biologics Ltd agreed to acquire Viatris biosimilars assets for up to $3.335 billion in stock and cash.</li>
<li>IronNet, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/irnt#NYSE">IRNT</a>) dropped 23.7% to close at $4.66.</li>
<li>Q&amp;K International Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qk#NASDAQ">QK</a>) fell 23.1% to close at $0.2863 after the company announced an ADS ratio change.</li>
<li>CinCor Pharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cinc#NASDAQ">CINC</a>) dipped 21.7% to close at $22.31.</li>
<li>SQL Technologies Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skyx#NASDAQ">SKYX</a>) fell 20.4% to close at $10.50.</li>
<li>Lordstown Motors Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ride#NASDAQ">RIDE</a>) dropped 19.9% to close at $2.57 as the company reported a fourth-quarter FY21 loss per share of $0.42.</li>
<li>Mercurity Fintech Holding Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mfh#NASDAQ">MFH</a>) declined 19.9% to close at $2.34.</li>
<li>CTI BioPharma Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctic#NASDAQ">CTIC</a>) fell 19.8% to close at $1.90.</li>
<li>Grid Dynamics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gdyn#NASDAQ">GDYN</a>) dipped 17.5% to close at $12.15.</li>
<li>Ucommune International Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/uk#NASDAQ">UK</a>) dropped 17.1% to close at $0.4061</li>
<li>Kidpik Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pik#NASDAQ">PIK</a>) dropped 15.5% to close at $2.07.</li>
<li>Prelude Therapeutics Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prld#NASDAQ">PRLD</a>) declined 15% to close at $8.83</li>
<li>Adagene Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adag#NASDAQ">ADAG</a>) fell 14.7% to close at $5.44.</li>
<li>Amryt Pharma plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amyt#NASDAQ">AMYT</a>) fell 14.2% to settle at $6.98. Amryt Pharma said it received Complete Response Letter from the FDA related to Oleogel-S10 New Drug Application.</li>
<li>AerCap Holdings N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aer#NYSE">AER</a>) dropped 13.3% to close at $54.43. AerCap said it signed lease agreements with Norwegian Air Shuttle ASA for ten new Boeing 737 MAX 8 aircraft and eight Boeing 737-800 NG aircraft.</li>
<li>Itron, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/itri#NASDAQ">ITRI</a>) fell 12.9% to close at $47.67 as the company reported a fourth-quarter FY21 revenue decline of 8% year-on-year to $485.6 million, missing the consensus of $505.8 million.</li>
<li>Inspirato Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ispo#NASDAQ">ISPO</a>) fell 12.7% to close at $47.93 after jumping 50% on Friday.</li>
<li>Enjoy Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/enjy#NASDAQ">ENJY</a>) dropped 11.6% to close at $3.27.</li>
<li>OppFi Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/opfi#NYSE">OPFI</a>) fell 11.6% to close at $3.58 as the company lowered its FY21 forecast. OppFi&rsquo;s board appointed founder and executive chairman Todd Schwartz as CEO.</li>
<li>ING Groep N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ing#NYSE">ING</a>) shares fell 9.5% to close at $11.64.</li>
<li>Cano Health, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cano#NYSE">CANO</a>) fell 6.2% to close at $4.87. Cano Health delayed Q4 earnings release and conference call.</li>
</ul>
&nbsp;
Also check this out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/22/02/25804574/executives-buy-over-70m-of-4-stocks">Executives Buy Over $70M Of 4 Stocks</a>.

Biglari Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BH#NYSE">BH</a>, BH)) has consented&nbsp;to a Final Judgment for failure to comply with the premerger reporting and waiting requirements of the Hart-Scott-Rodino Act. Noncompliance with the filing requirement was a technical error. Biglari Holdings had HSR clearance on Cracker Barrel Old Country Store, Inc., stock acquisition but the clearance had expired when it purchased an additional&nbsp;of 55,141&nbsp;shares in March 2020, during the government shutdown caused by the pandemic.&nbsp;

Biglari Reports Consented To Final Judgment For Failure To Comply With Premerger Reporting, Waiting Requirements

<h3>The Meaning Behind Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Below is a list of notable value stocks in the consumer cyclical sector:</h2>
<ol>
<li>Beazer Homes USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>) - P/E: 5.73</li>
<li>M.D.C. Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDC#NYSE">MDC</a>) - P/E: 6.66</li>
<li>KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) - P/E: 8.05</li>
<li>Hamilton Beach Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBB#NYSE">HBB</a>) - P/E: 9.0</li>
<li>Biglari Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BH#NYSE">BH</a>) - P/E: 0.39</li>
</ol>
Most recently, Beazer Homes USA reported earnings per share at 1.22, whereas in Q2 earnings per share sat at 0.81. Beazer Homes USA does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.
M.D.C. Holdings saw an increase in earnings per share from 2.11 in Q2 to 2.12 now. The company's most recent dividend yield sits at 3.99%, which has increased by 0.82% from 3.17% last quarter. 
KB Home has reported Q3 earnings per share at 1.65, which has increased by 10.0% compared to Q2, which was 1.5. Most recently, the company reported a dividend yield of 1.54%, which has increased by 0.07% from last quarter's yield of 1.47%.
Hamilton Beach Brands saw an increase in earnings per share from 0.01 in Q2 to 0.41 now. The company's most recent dividend yield sits at 2.35%, which has increased by 0.64% from 1.71% last quarter. 
Biglari Holdings has reported Q3 earnings per share at -33.74, which has increased by 47.31% compared to Q2, which was -64.04. Biglari Holdings does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

A Look Into Consumer Cyclical Sector Value Stocks

<h3>The Meaning Behind Value Stocks</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Benzinga Insights has compiled a list of value stocks in the consumer cyclical sector that may be worth watching:</h2>
<ol>
<li>Big 5 Sporting Goods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGFV#NASDAQ">BGFV</a>) - P/E: 5.38</li>
<li>Biglari Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BH#NYSE">BH</a>) - P/E: 0.4</li>
<li>JOANN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOAN#NASDAQ">JOAN</a>) - P/E: 4.17</li>
<li>Lumber Liquidators Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LL#NYSE">LL</a>) - P/E: 8.28</li>
<li>Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) - P/E: 5.19</li>
</ol>
Big 5 Sporting Goods's earnings per share for Q2 sits at 1.63, whereas in Q1, they were at 0.9. Big 5 Sporting Goods does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.
Most recently, Biglari Holdings reported earnings per share at -64.04, whereas in Q1 earnings per share sat at 223.29. Biglari Holdings does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.
JOANN saw a decrease in earnings per share from 0.46 in Q1 to -0.2 now. The company's most recent dividend yield sits at 2.96%, which has decreased by 0.07% from 3.03% last quarter. 
Lumber Liquidators Hldgs saw an increase in earnings per share from 0.34 in Q1 to 0.41 now. Lumber Liquidators Hldgs does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.
Foot Locker's earnings per share for Q2 sits at 2.21, whereas in Q1, they were at 1.96. Most recently, the company reported a dividend yield of 2.14%, which has increased by 0.92% from last quarter's yield of 1.22%.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

BGFV

JOAN

<h2>What Defines a Value Stock?</h2>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Below is a list of notable value stocks in the consumer cyclical sector:</h2>
<ol>
<li>Big 5 Sporting Goods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGFV#NASDAQ">BGFV</a>) - P/E: 4.61</li>
<li>Haverty Furniture Cos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HVT#NYSE">HVT</a>) - P/E: 7.77</li>
<li>Biglari Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BH#NYSE">BH</a>) - P/E: 0.43</li>
<li>American Axle &amp; Mfg Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) - P/E: 4.64</li>
<li>Century Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCS#NYSE">CCS</a>) - P/E: 6.29</li>
</ol>
This quarter, Big 5 Sporting Goods experienced an increase in earnings per share, which was 0.9 in Q1 and is now 1.63. Big 5 Sporting Goods does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.
Haverty Furniture Cos saw an increase in earnings per share from 1.04 in Q1 to 1.21 now. The company's most recent dividend yield sits at 2.72%, which has increased by 0.41% from 2.31% last quarter. 
Most recently, Biglari Holdings reported earnings per share at -64.04, whereas in Q1 earnings per share sat at 223.29. Biglari Holdings does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.
This quarter, American Axle &amp; Mfg Hldgs experienced a decrease in earnings per share, which was 0.57 in Q1 and is now 0.29. American Axle &amp; Mfg Hldgs does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.
Most recently, Century Communities reported earnings per share at 3.47, whereas in Q1 earnings per share sat at 3.0. Its most recent dividend yield is at 0.9%, which has increased by 0.09% from 0.81% in the previous quarter.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.