Biglari (NYSE:BH) Stock Passes Above 200 Day Moving Average – Should You Sell?

Shares of Biglari Holdings Inc. (NYSE:BH) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $195.24 and traded as high as $223.00. Biglari shares last traded at $219.27, with a volume of 6,949 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Biglari from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 24th.

Biglari Stock Up 0.4 %

The stock has a market cap of $499.06 million, a price-to-earnings ratio of 1.24 and a beta of 0.73. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17. The firm’s 50 day moving average is $225.14 and its two-hundred day moving average is $195.24.

Insider Activity

In other news, CEO Sardar Biglari bought 4,663 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was acquired at an average price of $328.48 per share, for a total transaction of $1,531,702.24. Following the acquisition, the chief executive officer now owns 1,292,670 shares of the company’s stock, valued at $424,616,241.60. This trade represents a 0.36 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders bought a total of 21,977 shares of company stock valued at $6,342,966 over the last 90 days. Insiders own 71.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of Biglari by 48.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock worth $145,000 after acquiring an additional 277 shares in the last quarter. Barclays PLC raised its holdings in Biglari by 78.6% during the third quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock worth $340,000 after purchasing an additional 869 shares in the last quarter. Los Angeles Capital Management LLC lifted 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 valued at $760,000 after buying an additional 88 shares during the period. 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 purchasing an additional 130 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Biglari by 4.6% in the 3rd 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 during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

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.