StockNews.com Downgrades Biglari (NYSE:BH) to Buy

Biglari (NYSE:BH) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.

Biglari Price Performance

BH stock traded up $3.78 on Friday, hitting $225.83. 4,688 shares of the company’s stock traded hands, compared to its average volume of 8,713. The stock has a market cap of $514.90 million, a price-to-earnings ratio of 1.28 and a beta of 0.73. Biglari has a 1-year low of $145.95 and a 1-year high of $271.35. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average of $230.78 and a 200-day moving average of $197.18.

Biglari (NYSE:BH) last issued its quarterly earnings results on Friday, November 8th. The restaurant operator reported $114.77 earnings per share for the quarter. Biglari had a return on equity of 16.03% and a net margin of 14.14%. The firm had revenue of $90.41 million for the quarter.

Insiders Place Their Bets

In other Biglari news, CEO Sardar Biglari bought 4,663 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of $328.48 per share, for a total transaction of $1,531,702.24. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have bought 21,977 shares of company stock worth $6,342,966. Corporate insiders own 71.40% of the company’s stock.

Institutional Trading of Biglari

Institutional investors have recently made changes to their positions in the stock. Atticus Wealth Management LLC purchased a new position in Biglari in the fourth quarter valued at about $25,000. SG Americas Securities LLC acquired a new stake in shares of Biglari during the 4th quarter valued at about $115,000. Ritholtz Wealth Management grew its stake in shares of Biglari by 17.0% in the 4th quarter. Ritholtz Wealth Management now owns 1,404 shares of the restaurant operator’s stock valued at $357,000 after buying an additional 204 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Biglari by 48.8% in the third quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock worth $145,000 after buying an additional 277 shares during the last quarter. Finally, Barclays PLC raised its position in Biglari by 78.6% during 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 in 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.