Biglari (NYSE:BH) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Biglari Holdings Inc. (NYSE:BH) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $198.61 and traded as high as $235.90. Biglari shares last traded at $231.07, with a volume of 3,570 shares.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Biglari from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 24th.

Biglari Stock Performance

The stock’s 50-day moving average is $232.96 and its 200-day moving average is $198.61. The firm has a market capitalization of $526.84 million, a price-to-earnings ratio of 1.31 and a beta of 0.73. 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 (NYSE:BH) last posted its earnings results on Friday, November 8th. The restaurant operator reported $114.77 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 $90.41 million for the quarter.

Insider Activity at Biglari

In other Biglari news, CEO Sardar Biglari acquired 516 shares of the stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $738.70 per share, for a total transaction 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 approximately $974,464,969.40. This represents a 0.04 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased 21,977 shares of company stock worth $6,342,966 in the last quarter. Company insiders own 71.40% of the company’s stock.

Hedge Funds Weigh In On Biglari

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC grew its holdings in Biglari by 2.0% during the third quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock valued at $760,000 after purchasing an additional 88 shares during the period. Atticus Wealth Management LLC bought a new stake in Biglari in the 4th quarter valued at about $25,000. Rhumbline Advisers lifted its holdings in Biglari by 10.0% during the fourth quarter. Rhumbline Advisers now owns 1,139 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 104 shares during the last quarter. Empowered Funds LLC boosted its position in Biglari by 1.6% during the fourth quarter. Empowered Funds LLC now owns 9,268 shares of the restaurant operator’s stock worth $2,357,000 after purchasing an additional 150 shares during the period. Finally, Ritholtz Wealth Management increased its stake in shares of Biglari by 17.0% in the fourth quarter. Ritholtz Wealth Management now owns 1,404 shares of the restaurant operator’s stock worth $357,000 after purchasing an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

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.