Shares of Biglari Holdings Inc. (NYSE:BH - Get Free Report) saw unusually-high trading volume on Monday . Approximately 22,249 shares traded hands during mid-day trading, an increase of 156% from the previous session's volume of 8,679 shares.The stock last traded at $267.28 and had previously closed at $256.52.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut Biglari from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th.
Get Our Latest Stock Analysis on BH
Biglari Trading Up 6.2%
The firm's 50 day moving average is $236.79 and its 200 day moving average is $232.46. The company has a market capitalization of $619.77 million, a PE ratio of 1.54 and a beta of 0.74. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.44.
Biglari (NYSE:BH - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The restaurant operator reported $23.37 earnings per share for the quarter. Biglari had a return on equity of 16.03% and a net margin of 14.14%. The company had revenue of $95.04 million for the quarter.
Hedge Funds Weigh In On Biglari
Institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new stake in Biglari during the 4th quarter valued at about $680,000. Rhumbline Advisers increased its position in shares of Biglari by 10.0% during the fourth quarter. Rhumbline Advisers now owns 1,139 shares of the restaurant operator's stock valued at $290,000 after acquiring an additional 104 shares in the last quarter. Bailard Inc. purchased a new position in Biglari in the 4th quarter worth approximately $307,000. Charles Schwab Investment Management Inc. lifted its position in Biglari by 5.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,327 shares of the restaurant operator's stock valued at $592,000 after acquiring an additional 124 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Biglari by 0.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,887 shares of the restaurant operator's stock worth $3,023,000 after purchasing an additional 98 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.
Biglari Company Profile
(
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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