Wall Street Zen Upgrades Biglari (NYSE:BH) to "Strong-Buy"

Key Points

• Wall Street Zen has upgraded Biglari (NYSE:BH) from a "hold" rating to a "strong-buy" rating, indicating improved confidence in the company's performance.
• Biglari's shares rose by 8.7% following the rating upgrade, highlighting positive market reactions.
• The company reported earnings of $9.17 per share for the last quarter and a revenue of $100.62 million, showcasing its financial growth.

Biglari (NYSE:BH - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "strong-buy" rating in a research note issued on Saturday.

Biglari Stock Up 8.7%

Shares of NYSE:BH opened at $313.26 on Friday. The stock has a fifty day simple moving average of $291.60 and a two-hundred day simple moving average of $251.09. The stock has a market capitalization of $714.23 million, a price-to-earnings ratio of 2.14 and a beta of 0.80. Biglari has a 12-month low of $159.69 and a 12-month high of $328.65. The company has a current ratio of 1.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.16.

Biglari (NYSE:BH - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The restaurant operator reported $9.17 earnings per share (EPS) for the quarter. The business had revenue of $100.62 million during the quarter. Biglari had a return on equity of 5.28% and a net margin of 10.48%.

Institutional Trading of Biglari

Several large investors have recently modified their holdings of the company. Deutsche Bank AG bought a new stake in Biglari during the fourth quarter valued at about $44,000. Police & Firemen s Retirement System of New Jersey grew its holdings in Biglari by 41.3% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 171 shares of the restaurant operator's stock valued at $50,000 after purchasing an additional 50 shares during the period. Jones Financial Companies Lllp bought a new stake in Biglari during the first quarter valued at about $64,000. Bartlett & CO. Wealth Management LLC bought a new stake in Biglari during the first quarter valued at about $109,000. Finally, Wells Fargo & Company MN grew its holdings in Biglari by 28.2% during the fourth quarter. Wells Fargo & Company MN now owns 427 shares of the restaurant operator's stock valued at $109,000 after purchasing an additional 94 shares during the period. Institutional investors own 74.30% of the company's stock.

About Biglari

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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