Biglari Holdings Inc. (NYSE:BH – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $208.56 and traded as high as $217.98. Biglari shares last traded at $211.92, with a volume of 3,503 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut Biglari from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th.
Check Out Our Latest Stock Analysis on Biglari
Biglari Stock Down 2.1 %
Biglari (NYSE:BH – Get Free Report) last released its quarterly earnings data on Saturday, March 1st. The restaurant operator reported ($36.60) earnings per share for the quarter. Biglari had a net margin of 14.14% and a return on equity of 16.03%. The firm had revenue of $91.12 million during the quarter.
Hedge Funds Weigh In On Biglari
Several hedge funds have recently bought and sold shares of BH. Atticus Wealth Management LLC purchased a new position in Biglari during the fourth quarter worth $25,000. Deutsche Bank AG purchased a new position in Biglari during the fourth quarter worth $44,000. Wells Fargo & Company MN increased its position in Biglari by 28.2% during the fourth quarter. Wells Fargo & Company MN now owns 427 shares of the restaurant operator’s stock worth $109,000 after buying an additional 94 shares in the last quarter. SG Americas Securities LLC purchased a new position in Biglari during the fourth quarter worth $115,000. Finally, MetLife Investment Management LLC purchased a new position in Biglari during the fourth quarter worth $117,000. Hedge funds and other 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.
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