Biglari (NYSE:BH) Share Price Crosses Below 50 Day Moving Average - Should You Sell?

Key Points

• Biglari shares fell below their 50-day moving average of $376.36, trading as low as $368.41 and last at $370.90; the 200-day average was $358.03.
• The company reported quarterly earnings of $158.17 per share on revenue of $108.52 million, alongside a negative net margin of 7.33% and return on equity of 5.70%.
• Institutional investors and hedge funds own 74.3% of Biglari shares; several firms recently opened or increased positions.

Biglari Holdings Inc. (NYSE:BH - Get Free Report) shares crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $376.36 and traded as low as $368.41. Biglari shares last traded at $370.90, with a volume of 54,974 shares trading hands.

Biglari Stock Down 4.5%

The firm's 50-day moving average price is $376.36 and its 200 day moving average price is $358.03. The firm has a market cap of $864.20 million, a P/E ratio of -3.40 and a beta of 0.67. The company has a quick ratio of 2.42, a current ratio of 2.45 and a debt-to-equity ratio of 0.58.

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

Hedge Funds Weigh In On Biglari

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd bought a new stake in Biglari during the 1st quarter valued at $1,404,000. Engineers Gate Manager LP boosted its position in Biglari by 869.7% during the 2nd quarter. Engineers Gate Manager LP now owns 1,920 shares of the restaurant operator's stock worth $818,000 after acquiring an additional 1,722 shares during the period. SG Americas Securities LLC acquired a new position in Biglari during the 1st quarter worth $500,000. Hsbc Holdings PLC bought a new position in shares of Biglari in the fourth quarter worth $498,000. Finally, Swiss National Bank bought a new position in shares of Biglari in the first quarter worth $475,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Biglari Company Profile

Biglari Holdings Inc is a diversified holding company that owns and operates businesses in the restaurant, insurance, media and investment-management industries. The company is best known for its ownership of Steak 'n Shake, a casual dining restaurant chain specializing in steakburgers, fries and milkshakes, and Western Sizzlin, a steakhouse and buffet restaurant business.

Through its insurance operations, Biglari Holdings provides commercial trucking coverage and related property and casualty insurance products.

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