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

Key Points

• Biglari (NYSE:BH) was downgraded from a "strong-buy" rating to a "buy" rating by Wall Street Zen in a recent research report.
• The company's stock opened at $303.92, with a market capitalization of $692.94 million and a P/E ratio of 2.08.
• Biglari's institutional ownership is significant, with 74.30% of the stock owned by hedge funds and other institutional investors.

Biglari (NYSE:BH - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Biglari Stock Performance

Biglari stock opened at $303.92 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.38 and a quick ratio of 1.35. Biglari has a 1-year low of $164.52 and a 1-year high of $328.65. The firm has a market capitalization of $692.94 million, a P/E ratio of 2.08 and a beta of 0.80. The company's 50-day moving average is $303.34 and its 200 day moving average is $260.90.

Biglari (NYSE:BH - Get Free Report) last issued its earnings results on Friday, August 8th. The restaurant operator reported $9.17 EPS for the quarter. The business had revenue of $100.62 million for the quarter. Biglari had a net margin of 10.48% and a return on equity of 5.28%.

Hedge Funds Weigh In On Biglari

A number of institutional investors have recently modified their holdings of the stock. Nuveen LLC purchased a new position in shares of Biglari during the first quarter worth approximately $3,965,000. Nuveen Asset Management LLC increased its position in shares of Biglari by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 16,821 shares of the restaurant operator's stock worth $4,277,000 after acquiring an additional 164 shares during the period. Bridgeway Capital Management LLC increased its holdings in Biglari by 4.1% during the second quarter. Bridgeway Capital Management LLC now owns 16,278 shares of the restaurant operator's stock valued at $4,757,000 after buying an additional 645 shares during the period. Peapod Lane Capital LLC increased its holdings in Biglari by 0.3% during the second quarter. Peapod Lane Capital LLC now owns 13,876 shares of the restaurant operator's stock valued at $4,055,000 after buying an additional 47 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Biglari by 5.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,626 shares of the restaurant operator's stock valued at $3,689,000 after buying an additional 597 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

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.

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