Biglari (NYSE:BH) Sets New 52-Week High - Here's What Happened

Biglari Holdings Inc. (NYSE:BH - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as $298.49 and last traded at $295.33, with a volume of 4517 shares changing hands. The stock had previously closed at $292.21.

Biglari Trading Down 0.7%

The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. The business has a 50-day simple moving average of $256.33 and a 200-day simple moving average of $238.00. The company has a market cap of $661.20 million, a PE ratio of -1.32 and a beta of 0.79.

Biglari (NYSE:BH - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The restaurant operator reported $23.37 earnings per share for the quarter. Biglari had a positive return on equity of 4.27% and a negative net margin of 16.21%. The business had revenue of $95.04 million during the quarter.

Hedge Funds Weigh In On Biglari

Institutional investors have recently modified their holdings of the business. Deutsche Bank AG purchased a new stake in Biglari during the fourth quarter worth approximately $44,000. Jones Financial Companies Lllp acquired a new position in shares of Biglari in the first quarter worth $64,000. Wells Fargo & Company MN boosted its stake in shares of Biglari by 28.2% during the 4th quarter. Wells Fargo & Company MN now owns 427 shares of the restaurant operator's stock worth $109,000 after purchasing an additional 94 shares during the last quarter. Bartlett & CO. Wealth Management LLC acquired a new stake in Biglari during the first quarter worth approximately $109,000. Finally, MetLife Investment Management LLC purchased a new stake in shares of Biglari in the fourth quarter valued at $117,000. Institutional investors and hedge funds own 74.30% of the company's stock.

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.