Biglari (NYSE:BH) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Biglari Holdings Inc. (NYSE:BH) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $305.97 and traded as high as $307.90. Biglari shares last traded at $304.9840, with a volume of 55,083 shares changing hands.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Biglari from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th.

Biglari Stock Up 1.6%

The firm has a 50 day moving average of $334.98 and a 200 day moving average of $305.97. The firm has a market cap of $695.36 million, a price-to-earnings ratio of 27.26 and a beta of 0.82. The company has a quick ratio of 2.80, a current ratio of 2.83 and a debt-to-equity ratio of 0.54.

Insider Buying and Selling at Biglari

In other news, CEO Sardar Biglari bought 2,032 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was acquired at an average cost of $393.35 per share, with a total value of $799,287.20. Following the transaction, the chief executive officer directly owned 1,324,401 shares of the company’s stock, valued at approximately $520,953,133.35. This represents a 0.15% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 74.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Invesco Ltd. increased its stake in shares of Biglari by 319.8% during the 3rd quarter. Invesco Ltd. now owns 40,443 shares of the restaurant operator’s stock worth $13,089,000 after purchasing an additional 30,810 shares during the last quarter. Nuveen LLC bought a new stake in Biglari in the 1st quarter valued at about $3,965,000. Two Sigma Investments LP lifted its holdings in Biglari by 162.8% during the third quarter. Two Sigma Investments LP now owns 11,563 shares of the restaurant operator’s stock valued at $3,742,000 after purchasing an additional 7,163 shares during the last quarter. Pacer Advisors Inc. bought a new position in Biglari during the third quarter worth about $2,094,000. Finally, JPMorgan Chase & Co. boosted its position in Biglari by 20.9% during the third quarter. JPMorgan Chase & Co. now owns 32,656 shares of the restaurant operator’s stock worth $10,569,000 after purchasing an additional 5,650 shares during the period. 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.