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

Key Points

• Biglari Holdings Inc. shares reached a new 52-week high of $348.63 during trading on Monday, with a last traded price of $342.35.
• Wall Street Zen downgraded Biglari from a "strong-buy" rating to a "buy" rating, indicating a shift in analyst sentiment.
• Institutional investors have significantly increased their holdings in Biglari, with GAMMA Investing LLC raising its stake by 17,220.0% in the first quarter.

Biglari Holdings Inc. (NYSE:BH - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $348.63 and last traded at $342.35, with a volume of 9457 shares trading hands. The stock had previously closed at $343.46.

Analyst Ratings Changes

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

Biglari Stock Up 1.2%

The firm has a 50-day moving average price of $311.02 and a two-hundred day moving average price of $275.95. The firm has a market cap of $780.56 million, a price-to-earnings ratio of 2.34 and a beta of 0.80. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.35 and a current ratio of 1.38.

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

Institutional Trading of Biglari

A number of institutional investors have recently modified their holdings of BH. GAMMA Investing LLC raised its holdings in Biglari by 17,220.0% during the first quarter. GAMMA Investing LLC now owns 866 shares of the restaurant operator's stock worth $188,000 after purchasing an additional 861 shares during the last quarter. 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. Bartlett & CO. Wealth Management LLC purchased a new position in Biglari in the first quarter valued at about $109,000. Bank of New York Mellon Corp lifted its holdings in Biglari by 10.7% during the 1st quarter. Bank of New York Mellon Corp now owns 2,023 shares of the restaurant operator's stock worth $438,000 after buying an additional 195 shares during the last quarter. Finally, Cerity Partners LLC bought a new position in Biglari during the 1st quarter worth approximately $453,000. 74.30% of the stock is currently 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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