Biglari Holdings Inc. (NYSE:BH - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $272.41 and traded as high as $336.64. Biglari shares last traded at $335.83, with a volume of 18,982 shares traded.
Analyst Ratings Changes
Separately, Wall Street Zen cut Biglari from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 13th.
Check Out Our Latest Report on BH
Biglari Trading Up 1.6%
The stock has a market cap of $765.69 million, a price-to-earnings ratio of 2.29 and a beta of 0.80. The business's 50 day moving average is $308.18 and its 200 day moving average is $272.41. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.38 and a quick ratio of 1.35.
Biglari (NYSE:BH - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The restaurant operator reported $9.17 earnings per share for the quarter. The company had revenue of $100.62 million for the quarter. Biglari had a return on equity of 5.28% and a net margin of 10.48%.
Hedge Funds Weigh In On Biglari
Several hedge funds have recently added to or reduced their stakes in the stock. Nuveen LLC purchased a new stake in shares of Biglari during the 1st quarter worth approximately $3,965,000. Bridgeway Capital Management LLC lifted its position in Biglari by 4.1% in the second quarter. Bridgeway Capital Management LLC now owns 16,278 shares of the restaurant operator's stock valued at $4,757,000 after acquiring an additional 645 shares during the last quarter. Peapod Lane Capital LLC boosted its stake in Biglari by 0.3% in the second quarter. Peapod Lane Capital LLC now owns 13,876 shares of the restaurant operator's stock valued at $4,055,000 after acquiring an additional 47 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Biglari by 5.0% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,626 shares of the restaurant operator's stock valued at $3,689,000 after acquiring an additional 597 shares in the last quarter. Finally, Invesco Ltd. purchased a new position in shares of Biglari during the second quarter worth about $2,815,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
About Biglari
(
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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