Biglari (NYSE:BH) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Biglari (NYSE:BH) from a buy rating to a hold rating in a research report released on Tuesday.

Biglari Trading Down 0.7 %

BH opened at $222.89 on Tuesday. The stock’s fifty day moving average is $235.36 and its two-hundred day moving average is $206.21. The company has a market capitalization of $507.30 million, a P/E ratio of 1.26 and a beta of 0.69. Biglari has a 52 week low of $159.69 and a 52 week high of $271.35. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

Biglari (NYSE:BH) last released its quarterly earnings data on Saturday, March 1st. The restaurant operator reported ($36.60) EPS for the quarter. The firm had revenue of $91.12 million for the quarter. Biglari had a return on equity of 16.03% and a net margin of 14.14%.

Insider Buying and Selling at Biglari

In related news, CEO Sardar Biglari bought 516 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were acquired at an average price of $738.70 per share, with a total value of $381,169.20. Following the transaction, the chief executive officer now owns 1,319,162 shares of the company’s stock, valued at $974,464,969.40. The trade was a 0.04 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 71.40% of the company’s stock.

Institutional Trading of Biglari

Institutional investors have recently made changes to their positions in the business. Atticus Wealth Management LLC acquired a new stake in shares of Biglari in the 4th quarter worth $25,000. Deutsche Bank AG acquired a new stake in shares of Biglari in the 4th quarter worth $44,000. Wells Fargo & Company MN boosted its position in shares of Biglari by 28.2% in the 4th quarter. Wells Fargo & Company MN now owns 427 shares of the restaurant operator’s stock worth $109,000 after purchasing an additional 94 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Biglari in the 4th quarter worth $115,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of Biglari in the 4th quarter worth $117,000. Institutional investors and hedge funds 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.