Biglari (NYSE:BH) Reaches New 1-Year High - Should You Buy?

Biglari Holdings Inc. (NYSE:BH - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $286.91 and last traded at $283.70, with a volume of 1846 shares trading hands. The stock had previously closed at $282.57.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Biglari from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th.

Biglari Trading Down 0.1%

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 company has a fifty day simple moving average of $249.29 and a 200-day simple moving average of $235.97. The company has a market capitalization of $659.30 million, a PE ratio of -1.31 and a beta of 0.74.

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

Institutional Trading of Biglari

Several large investors have recently added to or reduced their stakes in the stock. Strs Ohio purchased a new stake in Biglari in the 1st quarter valued at $498,000. Jane Street Group LLC purchased a new position in shares of Biglari during the 1st quarter worth $257,000. Empowered Funds LLC grew its holdings in shares of Biglari by 1.8% during the 1st quarter. Empowered Funds LLC now owns 9,433 shares of the restaurant operator's stock worth $2,043,000 after purchasing an additional 165 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Biglari during the 1st quarter worth $64,000. Finally, Bridgeway Capital Management LLC grew its holdings in shares of Biglari by 1.1% during the 1st quarter. Bridgeway Capital Management LLC now owns 15,633 shares of the restaurant operator's stock worth $3,385,000 after purchasing an additional 165 shares during the period. 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.