Zacks: Biglari Holdings Inc (BH) Receives Average Rating of “Hold” from Brokerages

Shares of Biglari Holdings Inc (NYSE:BH) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Zacks has also assigned Biglari an industry rank of 91 out of 265 based on the ratings given to its competitors.

Separately, TheStreet lowered Biglari from a “c” rating to a “d+” rating in a research note on Monday, November 6th.

In other Biglari news, Director Sardar Biglari bought 2,072 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was bought at an average cost of $332.94 per share, for a total transaction of $689,851.68. Following the completion of the purchase, the director now owns 1 shares in the company, valued at approximately $332.94. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders bought 42,011 shares of company stock valued at $16,820,976. 51.20% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. First Manhattan Co. acquired a new stake in shares of Biglari in the third quarter valued at $116,000. BNP Paribas Arbitrage SA increased its stake in shares of Biglari by 59.3% in the third quarter. BNP Paribas Arbitrage SA now owns 513 shares of the restaurant operator’s stock valued at $171,000 after buying an additional 191 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Biglari by 31.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 590 shares of the restaurant operator’s stock valued at $197,000 after buying an additional 140 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Biglari by 4.7% in the second quarter. JPMorgan Chase & Co. now owns 553 shares of the restaurant operator’s stock valued at $221,000 after buying an additional 25 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in shares of Biglari by 7.0% in the second quarter. Thrivent Financial For Lutherans now owns 608 shares of the restaurant operator’s stock valued at $243,000 after buying an additional 40 shares in the last quarter. Institutional investors own 87.29% of the company’s stock.

Biglari (NYSE BH) opened at $394.99 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.79 and a current ratio of 0.85. Biglari has a 12 month low of $290.05 and a 12 month high of $451.15. The stock has a market capitalization of $831.97, a price-to-earnings ratio of 9.34 and a beta of 0.41.

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About Biglari

Biglari Holdings Inc is a holding company owning subsidiaries engaged in various business activities, including media, property and casualty insurance, and restaurants The Company’s segments include Restaurant Operations, First Guard, Maxim, Other and Corporate. The Company’s restaurant operations’ activities are conducted through approximately two restaurant concepts operated by subsidiaries Steak n Shake Inc (Steak n Shake) and Western Sizzlin Corporation (Western).

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