Shares of Biglari Holdings Inc. (NYSE:BH - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $249.61 and traded as high as $288.48. Biglari shares last traded at $280.75, with a volume of 24,447 shares traded.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded Biglari from a "hold" rating to a "strong-buy" rating in a research report on Saturday.
Read Our Latest Analysis on Biglari
Biglari Stock Up 8.7%
The company has a quick ratio of 1.11, a current ratio of 1.38 and a debt-to-equity ratio of 0.16. The stock has a 50-day simple moving average of $291.60 and a 200-day simple moving average of $251.09. The firm has a market capitalization of $714.23 million, a PE ratio of 2.14 and a beta of 0.80.
Biglari (NYSE:BH - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The restaurant operator reported $9.17 EPS for the quarter. Biglari had a return on equity of 5.28% and a net margin of 10.48%. The firm had revenue of $100.62 million during the quarter.
Institutional Investors Weigh In On Biglari
Several large investors have recently added to or reduced their stakes in BH. LPL Financial LLC purchased a new stake in Biglari during the fourth quarter valued at about $279,000. JPMorgan Chase & Co. raised its position in Biglari by 1,809.5% during the fourth quarter. JPMorgan Chase & Co. now owns 16,135 shares of the restaurant operator's stock valued at $4,103,000 after purchasing an additional 15,290 shares in the last quarter. Alliancebernstein L.P. bought a new stake in shares of Biglari in the 4th quarter valued at about $209,000. Wells Fargo & Company MN lifted its stake in shares of Biglari by 28.2% in the 4th quarter. Wells Fargo & Company MN now owns 427 shares of the restaurant operator's stock valued at $109,000 after acquiring an additional 94 shares during the last quarter. Finally, Invesco Ltd. bought a new stake in shares of Biglari in the 4th quarter valued at about $4,019,000. Institutional investors own 74.30% of the company's stock.
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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