Biglari (NYSE:BH) Stock Rating Lowered by StockNews.com

Biglari (NYSE:BH) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Biglari Stock Performance

BH opened at $264.55 on Tuesday. The business has a 50 day moving average price of $206.26 and a two-hundred day moving average price of $189.98. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.44. The company has a market capitalization of $602.12 million, a price-to-earnings ratio of 1.50 and a beta of 0.81. Biglari has a 1-year low of $145.95 and a 1-year high of $266.92.

Insider Activity at Biglari

In other Biglari news, CEO Sardar Biglari bought 384 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average cost of $207.95 per share, for a total transaction of $79,852.80. Following the acquisition, the chief executive officer now directly owns 1,309,161 shares of the company’s stock, valued at $272,240,029.95. This trade represents a 0.03 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders bought 21,977 shares of company stock valued at $6,342,966 over the last 90 days. 71.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Ritholtz Wealth Management increased its stake in Biglari by 40.4% in the 2nd quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock worth $296,000 after purchasing an additional 441 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Biglari by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock valued at $764,000 after buying an additional 130 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Biglari by 2.0% in the third quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock worth $760,000 after buying an additional 88 shares during the period. Empowered Funds LLC increased its position in shares of Biglari by 4.6% in the third quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator’s stock worth $1,568,000 after acquiring an additional 402 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Biglari by 78.6% during the third quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock valued at $340,000 after acquiring an additional 869 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Biglari Company Profile

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.