Biglari (NYSE:BH) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Biglari Holdings Inc. (NYSE:BH)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $338.58 and traded as high as $348.66. Biglari shares last traded at $340.4120, with a volume of 75,787 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen raised 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 current ratio of 2.47, a quick ratio of 2.44 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $779.54 million, a price-to-earnings ratio of -4.67 and a beta of 0.71. The stock’s 50 day moving average price is $300.21 and its two-hundred day moving average price is $338.58.

Biglari (NYSE:BH) last posted its quarterly earnings results on Friday, May 8th. The restaurant operator reported ($55.81) earnings per share for the quarter. The company had revenue of $97.48 million for the quarter. Biglari had a negative return on equity of 1.20% and a negative net margin of 4.71%.

Insider Buying and Selling at Biglari

In other news, CEO Sardar Biglari purchased 535 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average price of $297.14 per share, for a total transaction of $158,969.90. Following the acquisition, the chief executive officer directly owned 1,400,382 shares in the company, valued at approximately $416,109,507.48. The trade was a 0.04% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders purchased 54,952 shares of company stock valued at $14,098,396. Corporate insiders own 68.53% of the company’s stock.

Institutional Investors Weigh In On Biglari

A number of large investors have recently added to or reduced their stakes in BH. Russell Investments Group Ltd. grew its stake in Biglari by 608.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 73 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Biglari by 128.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 89 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 50 shares during the last quarter. CWM LLC raised its stake in Biglari by 45.4% in the 4th quarter. CWM LLC now owns 141 shares of the restaurant operator’s stock valued at $47,000 after purchasing an additional 44 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Biglari by 120.6% during the 4th quarter. State of Alaska Department of Revenue now owns 353 shares of the restaurant operator’s stock worth $117,000 after purchasing an additional 193 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Biglari by 863.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 424 shares of the restaurant operator’s stock worth $124,000 after purchasing an additional 380 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

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.