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

Biglari (NYSE:BH) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.

Biglari Trading Up 2.7 %

BH opened at $235.02 on Wednesday. The company’s 50 day moving average is $234.00 and its 200-day moving average is $199.11. Biglari has a 1-year low of $145.95 and a 1-year high of $271.35. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17. The company has a market cap of $535.83 million, a P/E ratio of 1.33 and a beta of 0.71.

Biglari (NYSE:BH) last posted its earnings results on Friday, November 8th. The restaurant operator reported $114.77 earnings per share for the quarter. The firm had revenue of $90.41 million for the quarter. Biglari had a net margin of 14.14% and a return on equity of 16.03%.

Insider Activity

In related news, CEO Sardar Biglari acquired 4,663 shares of the stock in a transaction on Thursday, November 14th. The shares were acquired at an average price of $328.48 per share, with a total value of $1,531,702.24. Following the completion of the transaction, the chief executive officer now owns 1,292,670 shares in the company, valued at approximately $424,616,241.60. The trade was a 0.36 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired 21,977 shares of company stock worth $6,342,966 over the last three months. 71.40% of the stock is currently owned by insiders.

Institutional Trading of Biglari

Hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers grew its stake 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 acquiring an additional 104 shares in the last quarter. Peapod Lane Capital LLC purchased a new position in Biglari during the fourth quarter valued at approximately $3,705,000. Allspring Global Investments Holdings LLC purchased a new position in Biglari in the 4th quarter worth approximately $680,000. Empowered Funds LLC grew its stake in Biglari by 1.6% in the 4th quarter. Empowered Funds LLC now owns 9,268 shares of the restaurant operator’s stock worth $2,357,000 after buying an additional 150 shares in the last quarter. Finally, Atticus Wealth Management LLC purchased a new position in Biglari in the 4th quarter worth approximately $25,000. 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.