Biglari (NYSE:BH) Share Price Crosses Above 200-Day Moving Average of $163.72

Shares of Biglari Holdings Inc. (NYSE:BH) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $163.72 and traded as high as $194.99. Biglari shares last traded at $192.10, with a volume of 2,235 shares.

Wall Street Analysts Forecast Growth

BH has been the subject of several research analyst reports. TheStreet upgraded shares of Biglari from a “c” rating to a “b-” rating in a research note on Tuesday, February 27th. StockNews.com raised shares of Biglari from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 28th.

Biglari Stock Performance

The company’s 50-day moving average price is $177.85 and its two-hundred day moving average price is $163.72. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.35 and a current ratio of 1.37. The stock has a market cap of $437.99 million, a PE ratio of 1.02 and a beta of 0.81.

Biglari (NYSE:BH) last posted its quarterly earnings data on Saturday, February 24th. The restaurant operator reported $154.05 earnings per share for the quarter. The firm had revenue of $90.67 million for the quarter. Biglari had a net margin of 15.04% and a return on equity of 9.18%.

Insider Activity

In related news, CEO Sardar Biglari acquired 4,030 shares of the stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $223.22 per share, for a total transaction of $899,576.60. Following the transaction, the chief executive officer now owns 1,277,216 shares in the company, valued at approximately $285,100,155.52. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders have purchased 10,574 shares of company stock worth $2,392,064. 71.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Biglari

A number of large investors have recently added to or reduced their stakes in the business. Marquette Asset Management LLC increased its position in shares of Biglari by 2.3% in the fourth quarter. Marquette Asset Management LLC now owns 3,070 shares of the restaurant operator’s stock valued at $506,000 after acquiring an additional 70 shares during the period. Barclays PLC boosted its stake in shares of Biglari by 20.5% during the 3rd quarter. Barclays PLC now owns 447 shares of the restaurant operator’s stock valued at $74,000 after purchasing an additional 76 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Biglari by 32.8% during the 1st quarter. Deutsche Bank AG now owns 453 shares of the restaurant operator’s stock valued at $77,000 after purchasing an additional 112 shares in the last quarter. Acuitas Investments LLC boosted its stake in shares of Biglari by 1.0% during the 4th quarter. Acuitas Investments LLC now owns 14,455 shares of the restaurant operator’s stock valued at $2,384,000 after purchasing an additional 144 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC boosted its stake in shares of Biglari by 81.0% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 342 shares of the restaurant operator’s stock valued at $40,000 after purchasing an additional 153 shares in the last quarter. Hedge funds and other institutional investors 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.