Biglari (NYSE:BH) Trading Up 6.2% – Time to Buy?

Biglari Holdings Inc. (NYSE:BH) shot up 6.2% during trading on Thursday . The stock traded as high as $253.87 and last traded at $251.00. 7,788 shares were traded during mid-day trading, an increase of 151% from the average session volume of 3,101 shares. The stock had previously closed at $236.41.

Analyst Upgrades and Downgrades

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

Biglari Stock Up 2.9 %

The company has a market cap of $570.55 million, a P/E ratio of 1.42 and a beta of 0.81. The stock has a 50-day moving average of $199.24 and a 200 day moving average of $188.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.44.

Insiders Place Their Bets

In related news, CEO Sardar Biglari purchased 817 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average cost of $366.99 per share, with a total value of $299,830.83. Following the acquisition, the chief executive officer now owns 1,319,993 shares of the company’s stock, valued at $484,424,231.07. This trade represents a 0.06 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders acquired 21,977 shares of company stock worth $6,342,966 over the last three months. Insiders own 71.40% of the company’s stock.

Hedge Funds Weigh In On Biglari

Institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC grew its holdings in Biglari by 78.6% during the 3rd quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock worth $340,000 after acquiring an additional 869 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Biglari by 4.6% in the third 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 last quarter. Los Angeles Capital Management LLC increased its holdings in Biglari by 2.0% in the third quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock valued at $760,000 after purchasing an additional 88 shares during the period. Ritholtz Wealth Management raised 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 purchasing an additional 441 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in Biglari during the 2nd quarter worth about $25,000. Institutional investors and hedge funds 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.