Biglari (NYSE:BH) Shares Gap Up – Should You Buy?

Biglari Holdings Inc. (NYSE:BH) gapped up prior to trading on Friday . The stock had previously closed at $224.18, but opened at $232.28. Biglari shares last traded at $230.00, with a volume of 220 shares traded.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Biglari from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th.

Biglari Stock Down 0.1 %

The company has a 50-day moving average of $187.15 and a two-hundred day moving average of $185.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.44. The company has a market capitalization of $523.65 million, a PE ratio of 1.30 and a beta of 0.81.

Insider Buying and Selling at Biglari

In related news, CEO Sardar Biglari bought 4,663 shares of the stock in a transaction dated Thursday, November 14th. The shares were purchased at an average price of $328.48 per share, with a total value of $1,531,702.24. Following the completion of the acquisition, the chief executive officer now owns 1,292,670 shares of the company’s stock, valued at $424,616,241.60. This represents a 0.36 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired a total of 20,644 shares of company stock valued at $5,661,966 over the last ninety days. 71.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Biglari

Several institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC lifted its holdings in shares of Biglari by 2.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock valued at $760,000 after acquiring an additional 88 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Biglari in the 2nd quarter worth approximately $25,000. Bank of New York Mellon Corp increased its position in shares of Biglari by 3.4% during 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 purchasing an additional 130 shares during the last quarter. Empowered Funds LLC increased its position in shares of Biglari by 4.6% during the 3rd quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator’s stock valued at $1,568,000 after purchasing an additional 402 shares during the last quarter. Finally, Ritholtz Wealth Management raised its holdings in Biglari by 40.4% during the 2nd quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock valued at $296,000 after buying an additional 441 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

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.