Biglari (NYSE:BH) Sets New 52-Week High - Should You Buy?

Biglari Holdings Inc. (NYSE:BH - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $310.83 and last traded at $308.39, with a volume of 8983 shares. The stock had previously closed at $304.83.

Biglari Price Performance

The company has a fifty day simple moving average of $276.67 and a 200-day simple moving average of $242.98. The company has a market cap of $715.04 million, a P/E ratio of -1.42 and a beta of 0.79. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.14 and a quick ratio of 1.11.

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

Hedge Funds Weigh In On Biglari

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Deutsche Bank AG bought a new stake in shares of Biglari during the 4th quarter worth about $44,000. Jones Financial Companies Lllp bought a new position in shares of Biglari in the 1st quarter valued at approximately $64,000. Wells Fargo & Company MN lifted its holdings in Biglari by 28.2% in the 4th quarter. Wells Fargo & Company MN now owns 427 shares of the restaurant operator's stock worth $109,000 after purchasing an additional 94 shares during the last quarter. Bartlett & CO. Wealth Management LLC bought a new stake in Biglari during the first quarter worth approximately $109,000. Finally, MetLife Investment Management LLC bought a new stake in Biglari during the fourth quarter worth approximately $117,000. 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.