Biglari Capital CORP. Grows Stake in Ferrari N.V. $RACE

Biglari Capital CORP. grew its holdings in shares of Ferrari N.V. (NYSE:RACE) by 8.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 225,581 shares of the company’s stock after buying an additional 17,981 shares during the quarter. Ferrari accounts for about 8.9% of Biglari Capital CORP.’s investment portfolio, making the stock its 2nd biggest position. Biglari Capital CORP.’s holdings in Ferrari were worth $83,366,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Benjamin Edwards Inc. grew its stake in shares of Ferrari by 3.7% during the second quarter. Benjamin Edwards Inc. now owns 613 shares of the company’s stock valued at $299,000 after buying an additional 22 shares during the last quarter. Wealth Alliance LLC grew its stake in shares of Ferrari by 2.0% during the third quarter. Wealth Alliance LLC now owns 1,251 shares of the company’s stock valued at $607,000 after buying an additional 25 shares during the last quarter. Pacific Sun Financial Corp grew its stake in shares of Ferrari by 2.5% during the third quarter. Pacific Sun Financial Corp now owns 1,008 shares of the company’s stock valued at $489,000 after buying an additional 25 shares during the last quarter. Horizon Investments LLC grew its stake in Ferrari by 33.3% in the third quarter. Horizon Investments LLC now owns 104 shares of the company’s stock worth $50,000 after purchasing an additional 26 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its stake in Ferrari by 1.4% in the second quarter. Evergreen Capital Management LLC now owns 1,928 shares of the company’s stock worth $946,000 after purchasing an additional 26 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Jefferies Financial Group raised Ferrari from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Ferrari in a research note on Friday, April 10th. UBS Group dropped their price objective on Ferrari from $555.00 to $483.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Sanford C. Bernstein reissued an “outperform” rating on shares of Ferrari in a research note on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. increased their price objective on Ferrari from $407.00 to $447.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Ferrari presently has a consensus rating of “Moderate Buy” and an average price target of $470.70.

Ferrari Stock Performance

Shares of RACE stock opened at $354.15 on Thursday. The firm has a market capitalization of $82.85 billion, a price-to-earnings ratio of 33.98, a price-to-earnings-growth ratio of 3.49 and a beta of 0.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.20 and a quick ratio of 4.08. The business has a fifty day moving average of $347.01 and a 200 day moving average of $353.53. Ferrari N.V. has a 1 year low of $312.51 and a 1 year high of $519.10.

Ferrari News Summary

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari’s motorsport profile got a lift after Lewis Hamilton scored his first Formula 1 win for Ferrari, a headline that reinforces the company’s premium performance image and global visibility. Recap and reaction as Hamilton wins first grand prix for Ferrari
• Positive Sentiment: Another article argued that Hamilton’s Ferrari victory may help reset the F1 title race narrative, adding to the positive publicity around Ferrari’s racing program. Hamilton’s first Ferrari win has turned Barcelona into a title-race reset
• Positive Sentiment: Analysts maintained a “Moderate Buy” view on Ferrari, suggesting Wall Street sentiment remains constructive despite recent volatility. Ferrari N.V. (NYSE:RACE) Given Average Rating of “Moderate Buy” by Analysts
• Neutral Sentiment: Coverage of Ferrari’s 499P finishing fifth at Le Mans emphasized a clean race but also noted a pace deficit, which is more of a motorsport update than a direct financial catalyst. Ferrari Satisfied With P5, Clean Race Amid 499P Pace Deficit
• Neutral Sentiment: Several drag-race and racing commentary pieces kept Ferrari in the automotive spotlight, but these are largely brand-content headlines with limited direct impact on earnings or guidance. Ferrari 458 Speciale faces Lamborghini Urus in drag race
• Negative Sentiment: One market note said the recent stock sell-off tied to “Luce” concerns may have gone too far, but the fact that the issue was raised suggests investors are still focused on valuation and risk around the name. Ferrari: Why this bank says the Luce-fueled stock sell-off has gone too far

Ferrari Profile

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.