Biglari (NYSE:BH) Lowered 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 investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a note issued to investors on Saturday.

Biglari Stock Performance

Shares of BH traded up $0.39 during trading hours on Friday, reaching $309.78. 8,246 shares of the company traded hands, compared to its average volume of 20,291. The stock has a market capitalization of $706.30 million, a P/E ratio of 2.12 and a beta of 0.80. The company has a quick ratio of 1.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.16. Biglari has a 12-month low of $164.60 and a 12-month high of $328.65. The business has a fifty day moving average price of $304.59 and a 200-day moving average price of $262.88.

Biglari (NYSE:BH - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The restaurant operator reported $9.17 earnings per share for the quarter. The firm 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%.

Institutional Investors Weigh In On Biglari

A number of large investors have recently made changes to their positions in BH. Deutsche Bank AG purchased a new stake in shares of Biglari during the fourth quarter valued at $44,000. Ethic Inc. purchased a new stake in Biglari in the fourth quarter valued at $205,000. Nuveen Asset Management LLC boosted its holdings in Biglari by 1.0% in the fourth quarter. Nuveen Asset Management LLC now owns 16,821 shares of the restaurant operator's stock valued at $4,277,000 after purchasing an additional 164 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Biglari by 17,220.0% in the first quarter. GAMMA Investing LLC now owns 866 shares of the restaurant operator's stock valued at $188,000 after purchasing an additional 861 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in Biglari by 131.5% in the first quarter. Ritholtz Wealth Management now owns 3,250 shares of the restaurant operator's stock valued at $704,000 after purchasing an additional 1,846 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

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.