Biglari (NYSE:BH) Rating Lowered to “Buy” at StockNews.com

Biglari (NYSE:BH) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Biglari Price Performance

Shares of BH stock traded up $3.78 during trading hours on Friday, hitting $225.83. The company’s stock had a trading volume of 4,688 shares, compared to its average volume of 8,713. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average of $230.78 and a 200-day moving average of $197.18. Biglari has a twelve month low of $145.95 and a twelve month high of $271.35. The stock has a market cap of $514.90 million, a price-to-earnings ratio of 1.28 and a beta of 0.73.

Biglari (NYSE:BH) last issued its quarterly earnings data on Friday, November 8th. The restaurant operator reported $114.77 earnings per share (EPS) for the quarter. The business had revenue of $90.41 million for the quarter. Biglari had a return on equity of 16.03% and a net margin of 14.14%.

Insider Activity

In other Biglari news, CEO Sardar Biglari acquired 4,994 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average price of $247.33 per share, for a total transaction of $1,235,166.02. Following the completion of the purchase, the chief executive officer now directly owns 1,281,750 shares in the company, valued at $317,015,227.50. The trade was a 0.39 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have purchased 21,977 shares of company stock worth $6,342,966. 71.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Biglari

A number of large investors have recently modified their holdings of the company. Los Angeles Capital Management LLC boosted its position in Biglari by 2.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock worth $760,000 after acquiring an additional 88 shares during the period. Atticus Wealth Management LLC bought a new stake in shares of Biglari during the fourth quarter valued at about $25,000. Ritholtz Wealth Management lifted its holdings in Biglari by 17.0% in the fourth quarter. Ritholtz Wealth Management now owns 1,404 shares of the restaurant operator’s stock worth $357,000 after purchasing an additional 204 shares during the period. JPMorgan Chase & Co. grew its position in Biglari by 48.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock valued at $145,000 after buying an additional 277 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in Biglari by 4.6% during 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. 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.