Biglari (NYSE:BH) Upgraded at StockNews.com

StockNews.com upgraded shares of Biglari (NYSE:BH) from a hold rating to a strong-buy rating in a report released on Monday.

Biglari Stock Up 10.0 %

Shares of BH stock opened at $204.00 on Monday. The firm has a market capitalization of $465.12 million, a P/E ratio of 1.16 and a beta of 0.71. The firm’s fifty day moving average price is $172.19 and its two-hundred day moving average price is $184.38. Biglari has a 1 year low of $138.00 and a 1 year high of $219.00. The company has a current ratio of 1.47, a quick ratio of 1.40 and a debt-to-equity ratio of 0.17.

Insider Buying and Selling

In other Biglari news, major shareholder Sardar Biglari acquired 21,325 shares of the business’s stock in a transaction on Friday, August 16th. The stock was purchased at an average price of $13.13 per share, with a total value of $279,997.25. Following the acquisition, the insider now directly owns 159,241 shares of the company’s stock, valued at approximately $2,090,834.33. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders purchased 126,815 shares of company stock valued at $1,705,504. Company insiders own 71.40% of the company’s stock.

Hedge Funds Weigh In On Biglari

A number of institutional investors have recently added to or reduced their stakes in BH. BNP Paribas Financial Markets increased its position in Biglari by 81.6% during the 1st quarter. BNP Paribas Financial Markets now owns 356 shares of the restaurant operator’s stock worth $68,000 after purchasing an additional 160 shares in the last quarter. GSA Capital Partners LLP increased its position in Biglari by 5.5% in the 1st quarter. GSA Capital Partners LLP now owns 2,406 shares of the restaurant operator’s stock valued at $456,000 after acquiring an additional 125 shares during the period. Empowered Funds LLC increased its position in Biglari by 6.9% in the 1st quarter. Empowered Funds LLC now owns 8,176 shares of the restaurant operator’s stock valued at $1,551,000 after acquiring an additional 525 shares during the period. Virtu Financial LLC acquired a new position in Biglari in the 1st quarter valued at approximately $223,000. Finally, Bank of New York Mellon Corp increased its position in Biglari by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock valued at $764,000 after acquiring an additional 130 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

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.