Biglari (NYSE:BH) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Biglari (NYSE:BH) from a strong-buy rating to a buy rating in a report issued on Wednesday morning.

Biglari Price Performance

NYSE:BH opened at $234.91 on Wednesday. Biglari has a 52-week low of $145.95 and a 52-week high of $271.35. The company has a market cap of $535.58 million, a P/E ratio of 1.33 and a beta of 0.71. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.44 and a current ratio of 1.47. The stock’s 50-day simple moving average is $234.39 and its 200 day simple moving average is $199.36.

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

Insider Buying and Selling at Biglari

In other Biglari news, CEO Sardar Biglari acquired 4,663 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were purchased at an average price of $328.48 per share, for a total transaction 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 approximately $424,616,241.60. This represents a 0.36 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 21,977 shares of company stock worth $6,342,966 over the last quarter. 71.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC boosted its position in Biglari by 2.0% during 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 boosted its holdings in shares of Biglari by 4.6% during the 3rd quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator’s stock worth $1,568,000 after buying an additional 402 shares during the period. Barclays PLC grew its stake in Biglari by 78.6% in the 3rd quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock valued at $340,000 after buying an additional 869 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Biglari by 48.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock valued at $145,000 after acquiring an additional 277 shares during the period. Finally, Ritholtz Wealth Management lifted its position in Biglari by 17.0% during 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 during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

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.