Biglari (NYSE:BH) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Biglari shares crossed above their 200-day moving average of $343.13, reaching an intraday high of $364.35 before last trading at approximately $346.87. The stock was reported as down 5.0%.
• In its latest quarterly results, Biglari reported $158.17 in earnings per share and revenue of $108.52 million, while posting a negative net margin of 7.33% and a 5.70% return on equity.
• Major shareholder Sardar Biglari sold 132,421 shares, and insiders sold 558,803 shares worth $9.43 million over the past 90 days. Insiders own 68.53% of the company, while institutional investors hold 74.30%.

Biglari Holdings Inc. (NYSE:BH - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $343.13 and traded as high as $364.35. Biglari shares last traded at $346.8690, with a volume of 138,052 shares trading hands.

Biglari Trading Down 5.0%

The stock has a fifty day simple moving average of $383.48 and a 200 day simple moving average of $343.13. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.42 and a current ratio of 2.45. The firm has a market cap of $808.20 million, a P/E ratio of -3.18 and a beta of 0.63.

Biglari (NYSE:BH - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The restaurant operator reported $158.17 earnings per share (EPS) for the quarter. The firm had revenue of $108.52 million for the quarter. Biglari had a positive return on equity of 5.70% and a negative net margin of 7.33%.

Insiders Place Their Bets

In other Biglari news, major shareholder Sardar Biglari sold 132,421 shares of the company's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $17.27, for a total transaction of $2,286,910.67. Following the transaction, the insider owned 3,644,979 shares in the company, valued at approximately $62,948,787.33. This represents a 3.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 558,803 shares of company stock valued at $9,427,504. 68.53% of the stock is currently owned by insiders.

Institutional Trading of Biglari

A number of large investors have recently made changes to their positions in BH. Squarepoint Ops LLC bought a new position in Biglari during the second quarter valued at approximately $282,000. Saber Capital Managment LLC purchased a new stake in Biglari in the fourth quarter worth approximately $404,000. Bank of America Corp DE grew its position in Biglari by 72.1% in the 1st quarter. Bank of America Corp DE now owns 1,287 shares of the restaurant operator's stock worth $424,000 after purchasing an additional 539 shares during the period. Swiss National Bank bought a new stake in Biglari in the 1st quarter worth approximately $475,000. Finally, Hsbc Holdings PLC bought a new stake in Biglari in the 4th quarter worth approximately $498,000. 74.30% of the stock is currently owned by institutional investors.

Biglari Company Profile

Biglari Holdings Inc NYSE: BH is a diversified holding company headquartered in San Antonio, Texas. The company owns and operates businesses in the restaurant, insurance, media and investment sectors, with its operations managed through subsidiaries and affiliated entities.

Its principal operating business is Steak 'n Shake, a restaurant chain known for steakburgers, french fries and milkshakes. Steak 'n Shake serves customers through company-operated and franchised locations, primarily in the United States.

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