Biglari (NYSE:BH) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Biglari Holdings Inc. (NYSE:BH)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $191.41 and traded as high as $262.69. Biglari shares last traded at $254.29, with a volume of 24,299 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered Biglari from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 24th.

Biglari Stock Performance

The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The business’s 50-day simple moving average is $214.99 and its two-hundred day simple moving average is $192.37. The firm has a market cap of $568.91 million, a price-to-earnings ratio of 1.42 and a beta of 0.81.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in shares of Biglari by 48.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock valued at $145,000 after acquiring an additional 277 shares during the last quarter. 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 purchasing an additional 441 shares during the period. Barclays PLC boosted 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 purchasing an additional 869 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in shares of 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 buying an additional 88 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Biglari by 3.4% during the 2nd 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. 74.30% of the stock is currently 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.