Biglari (NYSE:BH) Cut to Buy at StockNews.com

StockNews.com lowered shares of Biglari (NYSE:BH) from a strong-buy rating to a buy rating in a research note released on Tuesday.

Biglari Price Performance

Shares of BH opened at $262.92 on Tuesday. 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 firm’s fifty day simple moving average is $208.07 and its 200-day simple moving average is $190.48. The firm has a market capitalization of $598.41 million, a price-to-earnings ratio of 1.49 and a beta of 0.81. Biglari has a twelve month low of $145.95 and a twelve month high of $271.35.

Insider Activity

In related news, CEO Sardar Biglari purchased 384 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average cost of $207.95 per share, with a total value of $79,852.80. Following the completion of the acquisition, the chief executive officer now directly owns 1,309,161 shares in the company, valued at $272,240,029.95. This trade represents a 0.03 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders have acquired 21,977 shares of company stock valued at $6,342,966 in the last ninety days. 71.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC grew its holdings in shares of Biglari by 2.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock worth $760,000 after acquiring an additional 88 shares during the period. Innealta Capital LLC purchased a new stake in Biglari during the second quarter worth $25,000. Bank of New York Mellon Corp grew its holdings 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 valued at $764,000 after purchasing an additional 130 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Biglari by 48.8% in 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 in the last quarter. Finally, Empowered Funds LLC raised its stake 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 last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

About Biglari

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.