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

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

Biglari Trading Up 1.7 %

BH opened at $225.83 on Friday. The company has a fifty day moving average price of $230.78 and a two-hundred day moving average price of $197.25. Biglari has a 1-year low of $145.95 and a 1-year high of $271.35. The company has a market cap of $514.90 million, a P/E ratio of 1.28 and a beta of 0.73. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17.

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

Insider Transactions at Biglari

In other Biglari news, CEO Sardar Biglari acquired 384 shares of Biglari stock in a transaction dated Friday, November 22nd. The stock was purchased at an average cost of $207.95 per share, for a total transaction of $79,852.80. Following the completion of the acquisition, the chief executive officer now directly owns 1,309,161 shares of the company’s stock, valued at $272,240,029.95. This represents a 0.03 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought 21,977 shares of company stock valued at $6,342,966 over the last ninety days. 71.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Biglari

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Atticus Wealth Management LLC purchased a new position in Biglari during the 4th quarter worth $25,000. SG Americas Securities LLC bought a new position in shares of Biglari during the fourth quarter valued at about $115,000. Ritholtz Wealth Management lifted its position in shares of Biglari by 17.0% during the fourth quarter. Ritholtz Wealth Management now owns 1,404 shares of the restaurant operator’s stock valued at $357,000 after purchasing an additional 204 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Biglari by 48.8% during the third quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock worth $145,000 after purchasing an additional 277 shares during the last quarter. Finally, Barclays PLC grew its position in Biglari by 78.6% in the 3rd quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock worth $340,000 after purchasing an additional 869 shares in the last quarter. Institutional investors and hedge funds 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.