Biglari (NYSE:BH) Hits New 52-Week High - Time to Buy?

Key Points

• Biglari Holdings Inc. (NYSE:BH) reached a new 52-week high of $336.02, trading at $335.57 with a volume of 5,123 shares.
• Wall Street Zen downgraded Biglari from a "strong-buy" to a "buy" rating, indicating a potential shift in investor sentiment.
• The company reported earnings per share (EPS) of $9.17 and revenues of $100.62 million in its latest quarterly results.

Shares of Biglari Holdings Inc. (NYSE:BH - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $336.02 and last traded at $335.57, with a volume of 5123 shares. The stock had previously closed at $330.69.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Biglari from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 13th.

Biglari Stock Up 1.6%

The stock has a market capitalization of $765.69 million, a P/E ratio of 2.29 and a beta of 0.80. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.38 and a quick ratio of 1.35. The stock's fifty day moving average is $307.73 and its two-hundred day moving average is $271.54.

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

Hedge Funds Weigh In On Biglari

A number of institutional investors have recently bought and sold shares of the stock. Police & Firemen s Retirement System of New Jersey raised its holdings in Biglari by 41.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 171 shares of the restaurant operator's stock worth $50,000 after buying an additional 50 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of Biglari during the first quarter valued at approximately $64,000. Deutsche Bank AG lifted its position in shares of Biglari by 111.6% in the 1st quarter. Deutsche Bank AG now owns 364 shares of the restaurant operator's stock valued at $79,000 after acquiring an additional 192 shares in the last quarter. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Biglari in the 1st quarter valued at approximately $109,000. Finally, BNP Paribas Financial Markets boosted its stake in Biglari by 863.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 424 shares of the restaurant operator's stock worth $124,000 after purchasing an additional 380 shares during the period. Hedge funds and other institutional investors 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.

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