Biglari (NYSE:BH) Downgraded by Wall Street Zen to "Sell"

Biglari (NYSE:BH - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

Biglari Stock Up 2.1%

BH stock opened at $306.98 on Friday. The company has a market cap of $702.99 million, a P/E ratio of -2.14 and a beta of 0.75. Biglari has a 52 week low of $230.12 and a 52 week high of $483.60. The company's 50-day moving average price is $320.36 and its 200 day moving average price is $349.06. The company has a current ratio of 2.43, a quick ratio of 2.40 and a debt-to-equity ratio of 0.60.

Biglari (NYSE:BH - Get Free Report) last released its quarterly earnings data on Friday, May 8th. The restaurant operator reported ($55.81) EPS for the quarter. The company had revenue of $97.48 million for the quarter. Biglari had a positive return on equity of 2.51% and a negative net margin of 9.48%.

Insider Transactions at Biglari

In other Biglari news, CEO Sardar Biglari bought 3,320 shares of the business's stock in a transaction on Monday, March 9th. The stock was bought at an average price of $301.06 per share, for a total transaction of $999,519.20. Following the completion of the transaction, the chief executive officer owned 1,342,620 shares in the company, valued at approximately $404,209,177.20. The trade was a 0.25% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 9,717 shares of company stock worth $2,978,074 in the last ninety days. Insiders own 68.53% of the company's stock.

Hedge Funds Weigh In On Biglari

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in Biglari by 20.9% during the third quarter. JPMorgan Chase & Co. now owns 32,656 shares of the restaurant operator's stock worth $10,569,000 after acquiring an additional 5,650 shares during the last quarter. Strs Ohio raised its position in Biglari by 5.6% during the first quarter. Strs Ohio now owns 1,900 shares of the restaurant operator's stock worth $626,000 after acquiring an additional 100 shares during the last quarter. SG Americas Securities LLC acquired a new position in Biglari during the first quarter worth about $500,000. Hsbc Holdings PLC acquired a new position in Biglari during the fourth quarter worth about $498,000. Finally, Saber Capital Managment LLC acquired a new position in Biglari during the fourth quarter worth about $404,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Biglari Company Profile

Biglari Holdings Inc is a diversified holding company that makes strategic investments and operates businesses across multiple industries, with a primary focus on the restaurant, insurance and media sectors. The company seeks to acquire controlling interests in undervalued enterprises and enhance long-term value through active management and operational improvements. Headquartered in San Antonio, Texas, Biglari Holdings approaches each acquisition with a value-oriented philosophy, emphasizing disciplined capital allocation and hands-on oversight.

In the restaurant segment, Biglari Holdings owns and operates Steak 'n Shake, a national burger and milkshake chain founded in 1934, as well as Western Sizzlin, a buffet and steakhouse brand.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.