Biglari (NYSE:BH) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Biglari shares crossed above their 200-day moving average of $345.24, reaching as high as $383.91 and last trading near $378.16. The stock remains below its 50-day moving average of $386.41.
• Wall Street Zen upgraded Biglari from “sell” to “hold.” In its latest quarter, the company reported $158.17 in earnings per share and $108.52 million in revenue, alongside a negative net margin of 7.33%.
• Insiders have been selling shares: major shareholder Sardar Biglari sold 80,000 shares, while insiders sold 558,803 shares worth $9.43 million over the past three months. Institutional investors and hedge funds own 74.30% of the company.

Biglari Holdings Inc. (NYSE:BH - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $345.24 and traded as high as $383.91. Biglari shares last traded at $378.1580, with a volume of 47,845 shares.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Biglari from a "sell" rating to a "hold" rating in a research report on Sunday, May 17th.

Biglari Stock Up 0.0%

The firm's 50 day moving average is $386.41 and its 200-day moving average is $345.24. The firm has a market cap of $881.11 million, a PE ratio of -3.46 and a beta of 0.63. 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 issued its quarterly earnings results on Friday, August 7th. The restaurant operator reported $158.17 earnings per share for the quarter. Biglari had a positive return on equity of 5.70% and a negative net margin of 7.33%.The company had revenue of $108.52 million during the quarter.

Insider Buying and Selling

In related news, major shareholder Sardar Biglari sold 80,000 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $16.90, for a total value of $1,352,000.00. Following the completion of the sale, the insider directly owned 66,422 shares in the company, valued at approximately $1,122,531.80. The trade was a 54.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 558,803 shares of company stock valued at $9,427,504. 68.53% of the stock is owned by insiders.

Hedge Funds Weigh In On Biglari

A number of hedge funds have recently made changes to their positions in the stock. CWM LLC lifted its holdings in shares of Biglari by 45.4% during the 4th quarter. CWM LLC now owns 141 shares of the restaurant operator's stock valued at $47,000 after acquiring an additional 44 shares in the last quarter. Deutsche Bank AG increased its holdings in Biglari by 15.1% in the 4th quarter. Deutsche Bank AG now owns 419 shares of the restaurant operator's stock valued at $139,000 after purchasing an additional 55 shares in the last quarter. Occudo Quantitative Strategies LP raised its position in Biglari by 6.9% in the third quarter. Occudo Quantitative Strategies LP now owns 1,011 shares of the restaurant operator's stock valued at $327,000 after purchasing an additional 65 shares during the period. Wells Fargo & Company MN raised its position in Biglari by 9.5% in the fourth quarter. Wells Fargo & Company MN now owns 785 shares of the restaurant operator's stock valued at $261,000 after purchasing an additional 68 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Biglari by 608.3% during the third quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator's stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

About Biglari

Biglari Holdings Inc is a diversified holding company that makes strategic investments and operates businesses across multiple industries, with a primary focus on the restaurant, insurance and media sectors. The company seeks to acquire controlling interests in undervalued enterprises and enhance long-term value through active management and operational improvements. Headquartered in San Antonio, Texas, Biglari Holdings approaches each acquisition with a value-oriented philosophy, emphasizing disciplined capital allocation and hands-on oversight.

In the restaurant segment, Biglari Holdings owns and operates Steak 'n Shake, a national burger and milkshake chain founded in 1934, as well as Western Sizzlin, a buffet and steakhouse brand.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source