Biglari (NYSE:BH) Cut to Buy at StockNews.com

StockNews.com lowered shares of Biglari (NYSE:BH) from a strong-buy rating to a buy rating in a research report released on Tuesday morning.

Biglari Stock Performance

NYSE BH opened at $264.55 on Tuesday. The stock has a market cap of $602.12 million, a PE ratio of 1.50 and a beta of 0.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.44 and a current ratio of 1.47. The firm has a 50-day moving average of $204.39 and a 200-day moving average of $189.45. Biglari has a 52-week low of $145.95 and a 52-week high of $266.92.

Insider Transactions at Biglari

In other Biglari news, CEO Sardar Biglari acquired 384 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was acquired at an average price of $207.95 per share, for a total transaction of $79,852.80. Following the purchase, the chief executive officer now directly owns 1,309,161 shares of the company’s stock, valued at $272,240,029.95. This trade represents a 0.03 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders bought a total of 21,977 shares of company stock worth $6,342,966 over the last quarter. Company insiders own 71.40% of the company’s stock.

Hedge Funds Weigh In On Biglari

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BH. Empowered Funds LLC increased its stake in shares of 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 purchasing an additional 402 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in shares of 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 buying an additional 88 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Biglari by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock valued at $764,000 after buying an additional 130 shares in the last quarter. Barclays PLC grew its position in Biglari by 78.6% in the third quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock valued at $340,000 after acquiring an additional 869 shares during the last quarter. Finally, Ritholtz Wealth Management raised its stake in Biglari by 40.4% during the second quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock worth $296,000 after acquiring an additional 441 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

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.