Biglari (NYSE:BH) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Biglari (NYSE:BH) from a hold rating to a strong-buy rating in a research note published on Monday morning.

Biglari Trading Up 10.0 %

NYSE:BH opened at $204.00 on Monday. The firm’s fifty day moving average is $172.19 and its 200-day moving average is $184.38. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.40 and a current ratio of 1.47. Biglari has a 52 week low of $138.00 and a 52 week high of $219.00. The firm has a market cap of $465.12 million, a P/E ratio of 1.16 and a beta of 0.71.

Insider Activity

In related news, major shareholder Sardar Biglari bought 62,329 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average cost of $13.46 per share, with a total value of $838,948.34. Following the completion of the purchase, the insider now directly owns 221,570 shares in the company, valued at $2,982,332.20. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have bought 126,815 shares of company stock valued at $1,705,504. 71.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC lifted its stake in shares of Biglari by 4.6% in the third 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 in the last quarter. Los Angeles Capital Management LLC increased 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 buying an additional 88 shares during the last quarter. Bank of New York Mellon Corp increased its holdings 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 buying an additional 130 shares during the last quarter. GSA Capital Partners LLP increased its holdings in Biglari by 5.5% during the first quarter. GSA Capital Partners LLP now owns 2,406 shares of the restaurant operator’s stock worth $456,000 after buying an additional 125 shares during the last quarter. Finally, Ritholtz Wealth Management increased its stake in shares of Biglari by 40.4% in the second quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock worth $296,000 after purchasing an additional 441 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

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.