Biglari (NYSE:BH) Downgraded to Hold Rating by StockNews.com

StockNews.com cut shares of Biglari (NYSE:BH) from a buy rating to a hold rating in a research note released on Tuesday.

Biglari Stock Performance

Shares of NYSE:BH opened at $222.98 on Tuesday. The company has a market capitalization of $507.50 million, a price-to-earnings ratio of 1.26 and a beta of 0.71. Biglari has a 52 week low of $159.69 and a 52 week 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 50 day moving average of $236.19 and a 200 day moving average of $206.09.

Biglari (NYSE:BH) last issued its quarterly earnings results on Saturday, March 1st. The restaurant operator reported ($36.60) earnings per share (EPS) for the quarter. The business had revenue of $91.12 million for the quarter. Biglari had a return on equity of 16.03% and a net margin of 14.14%.

Insider Activity

In other Biglari news, CEO Sardar Biglari purchased 516 shares of the stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $738.70 per share, with a total value of $381,169.20. Following the completion of the acquisition, the chief executive officer now owns 1,319,162 shares in the company, valued at $974,464,969.40. This trade represents a 0.04 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 71.40% of the company’s stock.

Institutional Investors Weigh In On Biglari

Several hedge funds have recently added to or reduced their stakes in BH. Nuveen Asset Management LLC boosted its stake in shares of Biglari by 1.0% during the 4th quarter. Nuveen Asset Management LLC now owns 16,821 shares of the restaurant operator’s stock worth $4,277,000 after acquiring an additional 164 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Biglari by 1,809.5% during the 4th quarter. JPMorgan Chase & Co. now owns 16,135 shares of the restaurant operator’s stock worth $4,103,000 after acquiring an additional 15,290 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of Biglari during the 4th quarter worth about $4,019,000. Bridgeway Capital Management LLC boosted its stake in shares of Biglari by 1.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 15,468 shares of the restaurant operator’s stock worth $3,933,000 after acquiring an additional 150 shares in the last quarter. Finally, Peapod Lane Capital LLC purchased a new stake in shares of Biglari during the 4th quarter worth about $3,705,000. 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.