Biglari (NYSE:BH) Cut to “Buy” at StockNews.com

StockNews.com lowered shares of Biglari (NYSE:BH) from a strong-buy rating to a buy rating in a research note issued to investors on Friday morning.

Biglari Stock Performance

Shares of BH opened at $225.83 on Friday. The firm has a market cap of $513.99 million, a price-to-earnings ratio of 1.28 and a beta of 0.73. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $230.78 and its two-hundred day moving average is $197.34. Biglari has a 52-week low of $145.95 and a 52-week high of $271.35.

Biglari (NYSE:BH) last issued its earnings results on Friday, November 8th. The restaurant operator reported $114.77 earnings per share (EPS) for the quarter. The business had revenue of $90.41 million for the quarter. Biglari had a net margin of 14.14% and a return on equity of 16.03%.

Insider Buying and Selling

In other news, CEO Sardar Biglari bought 4,663 shares of Biglari stock in a transaction on Thursday, November 14th. The stock was purchased at an average cost of $328.48 per share, with a total value of $1,531,702.24. Following the purchase, the chief executive officer now directly owns 1,292,670 shares of the company’s stock, valued at approximately $424,616,241.60. This trade represents a 0.36 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have purchased 21,977 shares of company stock valued at $6,342,966. Insiders own 71.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BH. Atticus Wealth Management LLC bought a new stake in Biglari during the fourth quarter worth approximately $25,000. SG Americas Securities LLC bought a new stake in shares of Biglari in the 4th quarter worth $115,000. JPMorgan Chase & Co. lifted its holdings in shares of Biglari by 48.8% in the third quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock valued at $145,000 after buying an additional 277 shares during the period. Barclays PLC boosted its stake in 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 buying an additional 869 shares in the last quarter. Finally, Ritholtz Wealth Management raised its position in Biglari by 17.0% in the fourth quarter. Ritholtz Wealth Management now owns 1,404 shares of the restaurant operator’s stock worth $357,000 after acquiring an additional 204 shares in the last quarter. Institutional investors 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.