Biglari (NYSE:BH) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Biglari Holdings Inc. (NYSE:BH) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $345.24 and traded as high as $383.91. Biglari shares last traded at $378.1580, with a volume of 47,845 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Biglari from a “sell” rating to a “hold” rating in a report on Sunday, May 17th.

Biglari Stock Performance

The company has a quick ratio of 2.42, a current ratio of 2.45 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $387.39 and a 200 day moving average price of $345.17. The stock has a market cap of $886.51 million, a P/E ratio of -3.49 and a beta of 0.63.

Biglari (NYSE:BH) last issued its quarterly earnings results on Friday, August 7th. The restaurant operator reported $158.17 earnings per share (EPS) for the quarter. Biglari had a positive return on equity of 5.70% and a negative net margin of 7.33%.The firm had revenue of $108.52 million during the quarter.

Insider Buying and Selling at Biglari

In other news, major shareholder Sardar Biglari sold 80,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $16.90, for a total transaction of $1,352,000.00. Following the completion of the sale, the insider directly owned 66,422 shares of the company’s stock, valued at approximately $1,122,531.80. The trade was a 54.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 558,803 shares of company stock worth $9,427,504 in the last ninety days. 68.53% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Biglari

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its stake in Biglari by 10,262.2% in the 2nd quarter. California State Teachers Retirement System now owns 3,834 shares of the restaurant operator’s stock worth $1,633,000 after acquiring an additional 3,797 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Biglari by 72.1% during the first quarter. Bank of America Corp DE now owns 1,287 shares of the restaurant operator’s stock valued at $424,000 after acquiring an additional 539 shares in the last quarter. Swiss National Bank bought a new stake in shares of Biglari during the first quarter valued at approximately $475,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Biglari in the first quarter valued at approximately $1,404,000. Finally, Strs Ohio grew its stake in Biglari by 5.6% in the first quarter. Strs Ohio now owns 1,900 shares of the restaurant operator’s stock worth $626,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Biglari Company Profile

Biglari Holdings Inc is a diversified holding company that makes strategic investments and operates businesses across multiple industries, with a primary focus on the restaurant, insurance and media sectors. The company seeks to acquire controlling interests in undervalued enterprises and enhance long-term value through active management and operational improvements. Headquartered in San Antonio, Texas, Biglari Holdings approaches each acquisition with a value-oriented philosophy, emphasizing disciplined capital allocation and hands-on oversight.

In the restaurant segment, Biglari Holdings owns and operates Steak ‘n Shake, a national burger and milkshake chain founded in 1934, as well as Western Sizzlin, a buffet and steakhouse brand.