Biglari (NYSE:BH) Stock Rating Upgraded by StockNews.com

Biglari (NYSE:BH) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

Biglari Price Performance

NYSE:BH opened at $214.57 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17. Biglari has a 12 month low of $145.95 and a 12 month high of $271.35. The business’s 50-day moving average is $226.87 and its 200 day moving average is $195.60. The company has a market capitalization of $489.22 million, a P/E ratio of 1.22 and a beta of 0.73.

Insider Buying and Selling at Biglari

In related news, CEO Sardar Biglari purchased 4,663 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average price of $328.48 per share, for a total transaction of $1,531,702.24. Following the acquisition, the chief executive officer now owns 1,292,670 shares of the company’s stock, valued at approximately $424,616,241.60. This represents a 0.36 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired 21,977 shares of company stock worth $6,342,966 over the last 90 days. 71.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Biglari

A number of large investors have recently made changes to their positions in the company. Barclays PLC grew its stake in shares of Biglari by 78.6% during the third quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock valued at $340,000 after buying an additional 869 shares during the last quarter. Bank of New York Mellon Corp increased its stake 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 worth $764,000 after buying an additional 130 shares during the period. Los Angeles Capital Management LLC lifted its holdings in Biglari by 2.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock valued at $760,000 after buying an additional 88 shares in the last quarter. Empowered Funds LLC boosted its position in Biglari by 4.6% in the 3rd quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator’s stock valued at $1,568,000 after buying an additional 402 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Biglari by 48.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock worth $145,000 after acquiring an additional 277 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

About Biglari

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.