StockNews.com Downgrades Biglari (NYSE:BH) to Buy

Biglari (NYSE:BH) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Biglari Price Performance

BH stock opened at $225.83 on Friday. The company’s 50-day moving average price is $230.78 and its two-hundred day moving average price is $197.25. Biglari has a 12 month low of $145.95 and a 12 month high of $271.35. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The firm has a market cap of $514.90 million, a P/E ratio of 1.28 and a beta of 0.73.

Biglari (NYSE:BH) last announced its quarterly earnings data on Friday, November 8th. The restaurant operator reported $114.77 EPS for the quarter. Biglari had a net margin of 14.14% and a return on equity of 16.03%. The business had revenue of $90.41 million during the quarter.

Insider Activity at Biglari

In other news, CEO Sardar Biglari purchased 4,663 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were purchased at an average cost of $328.48 per share, with a total value of $1,531,702.24. Following the completion of the purchase, the chief executive officer now owns 1,292,670 shares of the company’s stock, valued at $424,616,241.60. This trade represents a 0.36 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders purchased a total of 21,977 shares of company stock valued at $6,342,966 in the last quarter. Insiders own 71.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC grew its position in shares of 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 last quarter. Los Angeles Capital Management LLC lifted its stake in shares of Biglari by 2.0% in the third quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock worth $760,000 after acquiring an additional 88 shares during the period. Barclays PLC boosted its holdings in Biglari by 78.6% in the third quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock valued at $340,000 after acquiring an additional 869 shares during the last quarter. Ritholtz Wealth Management increased its position in Biglari by 17.0% during the 4th quarter. Ritholtz Wealth Management now owns 1,404 shares of the restaurant operator’s stock valued at $357,000 after purchasing an additional 204 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Biglari by 48.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock worth $145,000 after purchasing an additional 277 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

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.