Biglari (NYSE:BH) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Biglari Holdings Inc. (NYSE:BHGet 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 %

The stock has a market capitalization of $482.33 million, a PE ratio of 1.20 and a beta of 0.69. The firm has a 50 day moving average of $229.10 and a two-hundred day moving average of $208.56. 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:BHGet 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

(Get Free Report)

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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