Biglari (NYSE:BH) Sees Large Volume Increase – Time to Buy?

Biglari Holdings Inc. (NYSE:BH) saw unusually-high trading volume on Monday . Approximately 5,448 shares traded hands during mid-day trading, an increase of 50% from the previous session’s volume of 3,643 shares.The stock last traded at $251.25 and had previously closed at $250.68.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Biglari from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

Biglari Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.44. The company has a market capitalization of $602.12 million, a price-to-earnings ratio of 1.50 and a beta of 0.81. The stock has a fifty day simple moving average of $204.39 and a 200-day simple moving average of $189.45.

Insiders Place Their Bets

In related news, CEO Sardar Biglari bought 4,663 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was acquired at an average cost of $328.48 per share, with a total value of $1,531,702.24. Following the purchase, the chief executive officer now directly owns 1,292,670 shares of the company’s stock, valued at $424,616,241.60. The trade was a 0.36 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders purchased 21,977 shares of company stock worth $6,342,966. Company insiders own 71.40% of the company’s stock.

Institutional Trading of Biglari

Several institutional investors have recently made changes to their positions in BH. Los Angeles Capital Management LLC increased its holdings in Biglari by 2.0% in the 3rd 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 last quarter. Innealta Capital LLC purchased a new stake in shares of Biglari in the 2nd quarter valued at $25,000. Bank of New York Mellon Corp lifted its stake in Biglari by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock worth $764,000 after acquiring an additional 130 shares in the last quarter. Empowered Funds LLC boosted its holdings in Biglari by 4.6% during the 3rd quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator’s stock valued at $1,568,000 after acquiring an additional 402 shares during the period. Finally, Ritholtz Wealth Management increased its stake in Biglari by 40.4% during the second quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock worth $296,000 after purchasing an additional 441 shares during the period. 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.