Biglari (NYSE:BH) Sees Unusually-High Trading Volume - Here's Why

Biglari Holdings Inc. (NYSE:BH - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 19,659 shares were traded during mid-day trading, an increase of 154% from the previous session's volume of 7,747 shares.The stock last traded at $259.36 and had previously closed at $254.23.

Analyst Upgrades and Downgrades

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

Biglari Trading Up 2.5%

The business's 50-day simple moving average is $231.47 and its 200-day simple moving average is $230.53. The company has a market cap of $600.06 million, a PE ratio of 1.49 and a beta of 0.74. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17.

Biglari (NYSE:BH - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The restaurant operator reported $23.37 earnings per share (EPS) for the quarter. Biglari had a return on equity of 16.03% and a net margin of 14.14%. The firm had revenue of $95.04 million during the quarter.

Institutional Investors Weigh In On Biglari

Several large investors have recently made changes to their positions in BH. Rhumbline Advisers raised its position in 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. Peapod Lane Capital LLC bought a new position in shares of Biglari during the 4th quarter valued at $3,705,000. Invesco Ltd. acquired a new stake in shares of Biglari in the 4th quarter valued at $4,019,000. SG Americas Securities LLC acquired a new stake in shares of Biglari in the 4th quarter valued at $115,000. Finally, Nuveen Asset Management LLC boosted its holdings in Biglari by 1.0% in the fourth quarter. Nuveen Asset Management LLC now owns 16,821 shares of the restaurant operator's stock worth $4,277,000 after purchasing an additional 164 shares in the last quarter. Institutional investors 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.