Biglari (NYSE:BH) Stock Passes Above 200-Day Moving Average of $165.45

Biglari Holdings Inc. (NYSE:BH)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $165.45 and traded as high as $203.00. Biglari shares last traded at $201.02, with a volume of 4,949 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BH shares. StockNews.com raised Biglari from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 28th. TheStreet raised Biglari from a “c” rating to a “b-” rating in a report on Tuesday, February 27th.

Biglari Trading Up 0.6 %

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 business has a fifty day simple moving average of $184.50 and a 200 day simple moving average of $165.45. The company has a market cap of $457.52 million, a P/E ratio of 1.07 and a beta of 0.81.

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

Insider Activity

In other news, CEO Sardar Biglari purchased 1,698 shares of the stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of $180.61 per share, for a total transaction of $306,675.78. Following the transaction, the chief executive officer now owns 1,267,503 shares in the company, valued at $228,923,716.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have bought 10,574 shares of company stock worth $2,392,064. 71.40% of the stock is owned by company insiders.

Institutional Trading of Biglari

Several hedge funds and other institutional investors have recently modified their holdings of BH. Allspring Global Investments Holdings LLC acquired a new stake in Biglari during the third quarter valued at $55,000. Gladius Capital Management LP boosted its position in Biglari by 128.4% during the fourth quarter. Gladius Capital Management LP now owns 402 shares of the restaurant operator’s stock valued at $66,000 after purchasing an additional 226 shares during the last quarter. Barclays PLC raised its holdings in Biglari by 20.5% during the third quarter. Barclays PLC now owns 447 shares of the restaurant operator’s stock valued at $74,000 after buying an additional 76 shares in the last quarter. WINTON GROUP Ltd bought a new position in Biglari during the third quarter valued at about $210,000. Finally, Janney Montgomery Scott LLC raised its holdings in Biglari by 17.0% during the third quarter. Janney Montgomery Scott LLC now owns 2,184 shares of the restaurant operator’s stock valued at $363,000 after buying an additional 318 shares in the last quarter. Institutional investors and hedge funds 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.