Biglari (NYSE:BH) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Shares of Biglari Holdings Inc. (NYSE:BH - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $240.80 and traded as high as $301.10. Biglari shares last traded at $300.80, with a volume of 12,524 shares traded.

Biglari Trading Up 1.2%

The firm's 50-day moving average price is $268.75 and its 200 day moving average price is $240.80. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.02. The company has a market cap of $685.83 million, a price-to-earnings ratio of -1.37 and a beta of 0.79.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN raised its holdings in Biglari by 28.2% in the fourth quarter. Wells Fargo & Company MN now owns 427 shares of the restaurant operator's stock worth $109,000 after purchasing an additional 94 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 valued at $592,000 after buying an additional 124 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Biglari by 1.2% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,029 shares of the restaurant operator's stock worth $2,605,000 after purchasing an additional 142 shares during the period. Bridgeway Capital Management LLC boosted its holdings in Biglari by 1.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 15,468 shares of the restaurant operator's stock valued at $3,933,000 after acquiring an additional 150 shares during the period. Finally, Nuveen Asset Management LLC raised its position in Biglari by 1.0% during the 4th quarter. Nuveen Asset Management LLC now owns 16,821 shares of the restaurant operator's stock valued at $4,277,000 after purchasing an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

About Biglari

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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