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Biglari (NYSE:BH) Reaches New 1-Year High - Here's What Happened

Biglari logo with Retail/Wholesale background

Biglari Holdings Inc. (NYSE:BH - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $301.31 and last traded at $301.82, with a volume of 18893 shares changing hands. The stock had previously closed at $295.50.

Biglari Stock Performance

The firm's fifty day moving average price is $264.01 and its 200-day moving average price is $239.63. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.02. The firm has a market cap of $674.24 million, a price-to-earnings ratio of -1.34 and a beta of 0.79.

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

Institutional Trading of Biglari

Several institutional investors and hedge funds have recently bought and sold shares of BH. Ritholtz Wealth Management raised its position in Biglari by 131.5% during the 1st quarter. Ritholtz Wealth Management now owns 3,250 shares of the restaurant operator's stock worth $704,000 after buying an additional 1,846 shares during the last quarter. GAMMA Investing LLC raised its position in Biglari by 17,220.0% during the 1st quarter. GAMMA Investing LLC now owns 866 shares of the restaurant operator's stock worth $188,000 after buying an additional 861 shares during the last quarter. Invesco Ltd. purchased a new position in Biglari during the 4th quarter worth $4,019,000. Nuveen Asset Management LLC raised its position in Biglari by 1.0% during the 4th quarter. Nuveen Asset Management LLC now owns 16,821 shares of the restaurant operator's stock worth $4,277,000 after buying an additional 164 shares during the last quarter. Finally, Deutsche Bank AG purchased a new position in Biglari during the 4th quarter worth $44,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

About Biglari

(Get Free Report)

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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