Biglari (NYSE:BH) Stock Crosses Above Two Hundred Day Moving Average of $165.45

Biglari Holdings Inc. (NYSE:BH) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $165.45 and traded as high as $203.00. Biglari shares last traded at $201.02, with a volume of 4,949 shares.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. TheStreet upgraded shares of Biglari from a “c” rating to a “b-” rating in a research note on Tuesday, February 27th. StockNews.com raised shares of Biglari from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 28th.

Biglari Price Performance

The firm has a fifty day moving average of $184.50 and a two-hundred day moving average of $165.45. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.35. The stock has a market capitalization of $457.52 million, a P/E ratio of 1.07 and a beta of 0.81.

Biglari (NYSE:BH) last issued its quarterly earnings results on Saturday, February 24th. The restaurant operator reported $154.05 earnings per share for the quarter. Biglari had a return on equity of 9.18% and a net margin of 15.04%. The business had revenue of $90.67 million for the quarter.

Insider Buying and Selling at Biglari

In other Biglari news, CEO Sardar Biglari bought 1,698 shares of Biglari stock in a transaction dated Monday, March 4th. The stock was acquired at an average cost of $180.61 per share, with a total value of $306,675.78. Following the purchase, the chief executive officer now directly owns 1,267,503 shares in the company, valued at approximately $228,923,716.83. The acquisition was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders purchased 10,574 shares of company stock valued at $2,392,064. 71.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in shares of Biglari by 17.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 2,184 shares of the restaurant operator’s stock worth $363,000 after purchasing an additional 318 shares during the period. Strs Ohio grew its holdings in shares of Biglari by 7.1% during the 3rd quarter. Strs Ohio now owns 3,000 shares of the restaurant operator’s stock worth $498,000 after purchasing an additional 200 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of Biglari by 5.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 4,076 shares of the restaurant operator’s stock worth $677,000 after purchasing an additional 202 shares during the period. Barclays PLC grew its holdings in shares of Biglari by 20.5% during the 3rd quarter. Barclays PLC now owns 447 shares of the restaurant operator’s stock worth $74,000 after purchasing an additional 76 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in Biglari in the 3rd quarter valued at about $55,000. 74.30% of the stock is owned by institutional investors and hedge funds.

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.