Biglari (NYSE:BH) Stock Price Down 6.3% – Here’s Why

Biglari Holdings Inc. (NYSE:BH) shares traded down 6.3% during trading on Tuesday . The stock traded as low as $229.74 and last traded at $232.53. 11,079 shares traded hands during trading, a decline of 28% from the average session volume of 15,378 shares. The stock had previously closed at $248.17.

Analyst Ratings Changes

Separately, StockNews.com downgraded Biglari from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 24th.

Biglari Price Performance

The company has a market cap of $541.12 million, a price-to-earnings ratio of 1.35 and a beta of 0.73. The company’s 50 day moving average price is $219.79 and its 200 day moving average price is $193.85. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17.

Insider Buying and Selling at Biglari

In related news, CEO Sardar Biglari purchased 384 shares of the stock in a transaction dated Friday, November 22nd. The shares were acquired at an average cost of $207.95 per share, with a total value of $79,852.80. Following the purchase, the chief executive officer now directly owns 1,309,161 shares in the company, valued at $272,240,029.95. This trade represents a 0.03 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have acquired 21,977 shares of company stock valued at $6,342,966. 71.40% of the stock is owned by corporate insiders.

Institutional Trading of Biglari

A number of institutional investors have recently added to or reduced their stakes in BH. Los Angeles Capital Management LLC raised its holdings in Biglari by 2.0% during the third quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock worth $760,000 after purchasing an additional 88 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Biglari by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock worth $764,000 after acquiring an additional 130 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Biglari by 48.8% during the third quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock worth $145,000 after purchasing an additional 277 shares during the last quarter. Empowered Funds LLC grew its holdings in Biglari by 4.6% in the 3rd quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator’s stock valued at $1,568,000 after buying an additional 402 shares during the period. Finally, Barclays PLC increased its position in Biglari by 78.6% during the third quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock worth $340,000 after purchasing an additional 869 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

About Biglari

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.