Biglari (NYSE:BH) Sets New 1-Year High – What’s Next?

Biglari Holdings Inc. (NYSE:BH)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $224.26 and last traded at $220.01, with a volume of 2339 shares trading hands. The stock had previously closed at $216.04.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Biglari from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th.

Biglari Stock Performance

The stock has a market cap of $505.02 million, a P/E ratio of 1.26 and a beta of 0.81. The stock has a fifty day simple moving average of $182.59 and a 200-day simple moving average of $184.71. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

Insider Buying and Selling at Biglari

In related news, CEO Sardar Biglari bought 4,994 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were purchased at an average cost of $247.33 per share, for a total transaction of $1,235,166.02. Following the acquisition, the chief executive officer now owns 1,281,750 shares of the company’s stock, valued at approximately $317,015,227.50. This represents a 0.39 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders bought 18,465 shares of company stock valued at $5,061,839. Corporate insiders own 71.40% of the company’s stock.

Institutional Investors Weigh In On Biglari

Several institutional investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new stake in shares of Biglari in the second quarter valued at about $25,000. Virtu Financial LLC acquired a new position in shares of Biglari in the first quarter valued at $223,000. Ritholtz Wealth Management lifted its position 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 during the last quarter. Barclays PLC grew its holdings in Biglari by 78.6% in the 3rd quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock valued at $340,000 after buying an additional 869 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in Biglari by 2.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock valued at $760,000 after purchasing an additional 88 shares during the period. 74.30% of the stock is owned by institutional investors.

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.