Biglari (NYSE:BH) Sees Large Volume Increase - Should You Buy?

Biglari Holdings Inc. (NYSE:BH - Get Free Report) saw an uptick in trading volume on Wednesday . 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 Ratings Changes

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

Biglari Stock Performance

The firm has a 50-day moving average price of $229.63 and a 200 day moving average price of $229.69. The firm has a market capitalization of $586.05 million, a PE ratio of 1.46 and a beta of 0.74. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG acquired a new position in shares of Biglari in the 4th quarter valued at $44,000. Jones Financial Companies Lllp purchased a new position in Biglari during the 1st quarter worth $64,000. Wells Fargo & Company MN increased its stake in Biglari by 28.2% in the fourth quarter. Wells Fargo & Company MN now owns 427 shares of the restaurant operator's stock valued at $109,000 after purchasing an additional 94 shares during the period. Bartlett & CO. Wealth Management LLC acquired a new position in Biglari in the first quarter valued at $109,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Biglari in the fourth quarter valued at about $115,000. 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.