Biglari (NYSE:BH) Sees Unusually-High Trading Volume - Time to Buy?

Shares of Biglari Holdings Inc. (NYSE:BH - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 27,142 shares changed hands during mid-day trading, an increase of 326% from the previous session's volume of 6,374 shares.The stock last traded at $253.93 and had previously closed at $251.10.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Biglari from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th.

Biglari Price Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.44 and a current ratio of 1.47. The company's 50 day moving average price is $224.87 and its 200 day moving average price is $227.52. The company has a market cap of $589.13 million, a price-to-earnings ratio of 1.47 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 EPS for the quarter. Biglari had a net margin of 14.14% and a return on equity of 16.03%. The company had revenue of $95.04 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its position in 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 buying an additional 94 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Biglari by 0.8% during 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 buying an additional 98 shares in the last quarter. Rhumbline Advisers lifted its position in Biglari by 10.0% during the 4th quarter. Rhumbline Advisers now owns 1,139 shares of the restaurant operator's stock worth $290,000 after buying an additional 104 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Biglari by 5.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,327 shares of the restaurant operator's stock worth $592,000 after buying an additional 124 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in Biglari by 1.6% during the 4th quarter. Empowered Funds LLC now owns 9,268 shares of the restaurant operator's stock worth $2,357,000 after buying an additional 150 shares in the last quarter. 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.

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