Biglari (NYSE:BH) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Biglari Holdings Inc. (NYSE:BH) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $191.41 and traded as high as $262.69. Biglari shares last traded at $254.29, with a volume of 24,299 shares changing hands.

Wall Street Analysts Forecast Growth

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

Biglari Stock Down 0.7 %

The company has a market capitalization of $578.76 million, a P/E ratio of 1.44 and a beta of 0.81. 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 stock’s fifty day moving average is $211.54 and its 200 day moving average is $191.41.

Insider Activity

In other Biglari news, CEO Sardar Biglari purchased 4,663 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was bought at an average price of $328.48 per share, with a total value of $1,531,702.24. Following the completion of the purchase, the chief executive officer now directly owns 1,292,670 shares of the company’s stock, valued at $424,616,241.60. The trade was a 0.36 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders bought 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 have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management grew its holdings in shares of Biglari by 40.4% during the 2nd quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock worth $296,000 after acquiring an additional 441 shares during the period. Bank of New York Mellon Corp grew its stake in Biglari by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock worth $764,000 after purchasing an additional 130 shares during the period. Los Angeles Capital Management LLC grew its stake in 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 purchasing an additional 88 shares during the period. Empowered Funds LLC raised its holdings in 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 purchasing an additional 402 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Biglari by 48.8% during 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. 74.30% of the stock is currently owned by 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.