Biglari (NYSE:BH) Shares Up 6.2% – Time to Buy?

Biglari Holdings Inc. (NYSE:BH)’s stock price shot up 6.2% during mid-day trading on Thursday . The stock traded as high as $253.87 and last traded at $251.00. 7,788 shares were traded during trading, an increase of 151% from the average session volume of 3,101 shares. The stock had previously closed at $236.41.

Wall Street Analyst Weigh In

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

Biglari Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.44. The stock’s 50 day moving average price is $197.78 and its two-hundred day moving average price is $187.85. The firm has a market capitalization of $561.03 million, a price-to-earnings ratio of 1.40 and a beta of 0.81.

Insider Activity at Biglari

In related news, CEO Sardar Biglari acquired 4,663 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price of $328.48 per share, for a total transaction of $1,531,702.24. Following the transaction, the chief executive officer now directly owns 1,292,670 shares of the company’s stock, valued at approximately $424,616,241.60. This trade represents a 0.36 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders acquired 21,977 shares of company stock valued at $6,342,966 in the last three months. Corporate insiders own 71.40% of the company’s stock.

Institutional Trading of Biglari

Several institutional investors and hedge funds have recently made changes to their positions in BH. Innealta Capital LLC acquired a new position in shares of Biglari in the 2nd quarter valued at $25,000. Ritholtz Wealth Management lifted its stake in Biglari by 40.4% in the second quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock valued at $296,000 after buying an additional 441 shares in the last quarter. Barclays PLC increased its position in shares of 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 acquiring an additional 869 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of 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 period. Finally, Los Angeles Capital Management LLC lifted its position 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 acquiring an additional 88 shares in the last quarter. 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.