Biglari Sardar Acquires 2,600 Shares of Ferrari N.V. $RACE

Key Points

• Biglari Sardar raised its holdings in Ferrari N.V. by 14.2% in the first quarter, making it the institutional investor's largest holding at $8.94 million.
• Ferrari reported earnings of $2.70 EPS for the last quarter, exceeding expectations, with revenue also surpassing analyst estimates.
• Analysts have mixed ratings on Ferrari, with six giving it a "Buy," one a "Hold," and one a "Sell," and an average price target of $528.33.

Biglari Sardar lifted its stake in Ferrari N.V. (NYSE:RACE - Free Report) by 14.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,900 shares of the company's stock after acquiring an additional 2,600 shares during the quarter. Ferrari makes up approximately 20.2% of Biglari Sardar's investment portfolio, making the stock its largest position. Biglari Sardar's holdings in Ferrari were worth $8,943,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of RACE. Lido Advisors LLC grew its position in shares of Ferrari by 23.8% in the 4th quarter. Lido Advisors LLC now owns 906 shares of the company's stock valued at $385,000 after acquiring an additional 174 shares during the period. Schonfeld Strategic Advisors LLC raised its stake in Ferrari by 111.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 9,554 shares of the company's stock valued at $4,059,000 after buying an additional 5,046 shares during the period. Alteri Wealth LLC bought a new position in shares of Ferrari during the 4th quarter worth approximately $419,000. Ameriprise Financial Inc. raised its stake in Ferrari by 1.9% in the 4th quarter. Ameriprise Financial Inc. now owns 533,533 shares of the company's stock valued at $226,375,000 after acquiring an additional 9,700 shares during the period. Finally, Beck Bode LLC lifted its holdings in Ferrari by 4.9% during the 4th quarter. Beck Bode LLC now owns 2,608 shares of the company's stock valued at $1,108,000 after purchasing an additional 123 shares during the last quarter.

Ferrari Price Performance

Shares of NYSE RACE traded up $0.98 during mid-day trading on Thursday, reaching $495.80. The company had a trading volume of 330,951 shares, compared to its average volume of 420,451. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.94 and a current ratio of 5.09. Ferrari N.V. has a one year low of $391.54 and a one year high of $519.10. The firm has a market cap of $120.17 billion, a price-to-earnings ratio of 51.17, a PEG ratio of 5.44 and a beta of 1.10. The business's 50-day simple moving average is $479.27 and its 200 day simple moving average is $467.22.

Ferrari (NYSE:RACE - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $2.70 EPS for the quarter, topping analysts' consensus estimates of $2.57 by $0.13. Ferrari had a return on equity of 45.41% and a net margin of 22.95%.The company had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2.05 billion. During the same quarter last year, the business earned $2.29 earnings per share. Ferrari's revenue was up 4.4% on a year-over-year basis. Ferrari has set its FY 2025 guidance at 9.751- EPS. On average, research analysts predict that Ferrari N.V. will post 9.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on RACE shares. Citigroup reissued a "sell" rating on shares of Ferrari in a research report on Monday, August 11th. Deutsche Bank Aktiengesellschaft raised shares of Ferrari from a "hold" rating to a "buy" rating in a report on Tuesday. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Ferrari in a research report on Monday, August 4th. UBS Group increased their target price on Ferrari from $540.00 to $570.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Zacks Research lowered Ferrari from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 29th. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $531.67.

About Ferrari

Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods.