Investment analysts at StockNews.com initiated coverage on shares of Biglari (NYSE:BH – Get Rating) in a research report issued on Thursday. The firm set a “strong-buy” rating on the restaurant operator’s stock.
Biglari Price Performance
BH opened at $174.14 on Thursday. Biglari has a 1-year low of $113.76 and a 1-year high of $184.21. The business has a 50 day moving average price of $164.79 and a two-hundred day moving average price of $144.51. The company has a market capitalization of $396.34 million, a price-to-earnings ratio of -1.68 and a beta of 0.81.
Institutional Trading of Biglari
Hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC acquired a new stake in Biglari in the 1st quarter valued at $28,000. UBS Group AG acquired a new position in Biglari in the 4th quarter valued at approximately $28,000. BNP Paribas Arbitrage SNC increased its position in shares of Biglari by 81.0% during the third quarter. BNP Paribas Arbitrage SNC now owns 342 shares of the restaurant operator’s stock worth $40,000 after buying an additional 153 shares during the period. Barclays PLC boosted its stake in Biglari by 14.6% during the fourth quarter. Barclays PLC now owns 1,315 shares of the restaurant operator’s stock worth $182,000 after acquiring an additional 168 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of Biglari in the fourth quarter valued at $216,000. Institutional investors and hedge funds own 72.20% of the company’s stock.
Biglari Holdings, Inc engages in diverse business such as property and casualty insurance, media and licensing, restaurants, and oil and gas. It operates through the following segments: Restaurant Operations, Insurance, Southern Oil, and Maxim. The Restaurant Operations segment operations include Steak n Shake and Western Sizzlin.
- Get a free copy of the StockNews.com research report on Biglari (BH)
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