Biglari (NYSE:BH) Downgraded by StockNews.com to “Buy”

StockNews.com lowered shares of Biglari (NYSE:BH) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday morning.

Biglari Trading Up 4.3 %

NYSE:BH opened at $264.55 on Tuesday. 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 1-year low of $145.95 and a 1-year high of $266.92. The firm has a market capitalization of $602.12 million, a price-to-earnings ratio of 1.50 and a beta of 0.81. The business’s 50-day moving average price is $204.39 and its two-hundred day moving average price is $189.45.

Insider Buying and Selling

In other news, CEO Sardar Biglari purchased 817 shares of the company’s stock in a transaction on Monday, December 16th. The shares were purchased at an average price of $366.99 per share, with a total value of $299,830.83. Following the purchase, the chief executive officer now directly owns 1,319,993 shares of the company’s stock, valued at $484,424,231.07. This trade represents a 0.06 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders acquired 21,977 shares of company stock valued at $6,342,966. 71.40% of the stock is owned by corporate insiders.

Institutional Trading of Biglari

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Innealta Capital LLC acquired a new stake in shares of Biglari in the second quarter valued at about $25,000. Ritholtz Wealth Management grew its stake in Biglari by 40.4% in the second quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock valued at $296,000 after purchasing an additional 441 shares in the last quarter. Barclays PLC increased its position in shares of Biglari by 78.6% during the 3rd quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock worth $340,000 after purchasing an additional 869 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Biglari by 2.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock worth $760,000 after purchasing an additional 88 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of 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 valued at $764,000 after buying an additional 130 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

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.