Biglari (NYSE:BH) Stock Price Down 2.1% – Should You Sell?

Shares of Biglari Holdings Inc. (NYSE:BH) dropped 2.1% during trading on Friday . The company traded as low as $234.01 and last traded at $238.53. Approximately 6,962 shares traded hands during mid-day trading, an increase of 113% from the average daily volume of 3,270 shares. The stock had previously closed at $243.70.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Biglari from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th.

Biglari Stock Performance

The company has a 50 day simple moving average of $200.81 and a 200-day simple moving average of $188.62. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.44. The stock has a market cap of $570.55 million, a P/E ratio of 1.42 and a beta of 0.81.

Insider Activity at Biglari

In other Biglari news, CEO Sardar Biglari acquired 4,663 shares of the business’s stock in a transaction dated 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 purchase, the chief executive officer now owns 1,292,670 shares of the company’s stock, valued at approximately $424,616,241.60. This trade represents a 0.36 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders have bought 21,977 shares of company stock valued at $6,342,966. Corporate insiders own 71.40% of the company’s stock.

Institutional Trading of Biglari

Several hedge funds have recently added to or reduced their stakes in the business. Barclays PLC increased its holdings in shares of Biglari by 78.6% in the third quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock worth $340,000 after buying an additional 869 shares during the period. Ritholtz Wealth Management grew its position in 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 last quarter. Empowered Funds LLC increased its stake in Biglari by 4.6% in the 3rd 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 during the period. Bank of New York Mellon Corp lifted its position 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. Finally, Innealta Capital LLC purchased a new stake in shares of Biglari during the second quarter valued at approximately $25,000. 74.30% of the stock is 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.