Biglari (NYSE:BH) Shares Pass Above 200-Day Moving Average – What’s Next?

Biglari Holdings Inc. (NYSE:BH)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $345.06 and traded as high as $423.77. Biglari shares last traded at $396.4750, with a volume of 148,157 shares traded.

Analysts Set New Price Targets

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

Biglari Stock Down 4.1%

The company has a quick ratio of 2.80, a current ratio of 2.83 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $903.96 million, a PE ratio of 35.43 and a beta of 0.81. The firm’s fifty day moving average is $389.30 and its 200-day moving average is $345.06.

Insider Buying and Selling at Biglari

In other Biglari news, CEO Sardar Biglari acquired 3,452 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was purchased at an average price of $463.34 per share, for a total transaction of $1,599,449.68. Following the completion of the transaction, the chief executive officer owned 1,335,713 shares of the company’s stock, valued at $618,889,261.42. The trade was a 0.26% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased 13,772 shares of company stock valued at $5,050,068 in the last quarter. 71.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Biglari

Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its holdings in Biglari by 608.3% during the third quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator’s stock worth $28,000 after buying an additional 73 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Biglari by 128.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 89 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 50 shares during the period. CWM LLC boosted its stake in shares of Biglari by 148.7% during the 3rd quarter. CWM LLC now owns 97 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 58 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Biglari in the 3rd quarter worth approximately $34,000. Finally, Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Biglari by 41.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 171 shares of the restaurant operator’s stock worth $50,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

About Biglari

Biglari Holdings Inc is a diversified holding company that makes strategic investments and operates businesses across multiple industries, with a primary focus on the restaurant, insurance and media sectors. The company seeks to acquire controlling interests in undervalued enterprises and enhance long-term value through active management and operational improvements. Headquartered in San Antonio, Texas, Biglari Holdings approaches each acquisition with a value-oriented philosophy, emphasizing disciplined capital allocation and hands-on oversight.

In the restaurant segment, Biglari Holdings owns and operates Steak ‘n Shake, a national burger and milkshake chain founded in 1934, as well as Western Sizzlin, a buffet and steakhouse brand.