Biglari (NYSE:BH) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why
by Michael Walen · The Markets DailyBiglari Holdings Inc. (NYSE:BH – Get Free Report)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $338.58 and traded as high as $348.66. Biglari shares last traded at $340.4120, with a volume of 75,787 shares.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of Biglari from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th.
Biglari Stock Up 1.5%
The firm has a market capitalization of $779.54 million, a PE ratio of -4.67 and a beta of 0.71. The firm’s 50 day moving average price is $300.21 and its two-hundred day moving average price is $338.58. The company has a quick ratio of 2.44, a current ratio of 2.47 and a debt-to-equity ratio of 0.61.
Biglari (NYSE:BH – Get Free Report) last issued its quarterly earnings data on Friday, May 8th. The restaurant operator reported ($55.81) EPS for the quarter. Biglari had a negative return on equity of 1.20% and a negative net margin of 4.71%.The firm had revenue of $97.48 million during the quarter.
Insider Activity at Biglari
In other Biglari news, CEO Sardar Biglari purchased 22,965 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average price of $249.84 per share, for a total transaction of $5,737,575.60. Following the completion of the purchase, the chief executive officer owned 1,368,395 shares in the company, valued at $341,879,806.80. The trade was a 1.71% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 54,952 shares of company stock valued at $14,098,396 in the last 90 days. Insiders own 68.53% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of BH. Jones Financial Companies Lllp acquired a new stake in Biglari in the first quarter valued at $64,000. Empowered Funds LLC raised its holdings in Biglari by 1.8% in the first quarter. Empowered Funds LLC now owns 9,433 shares of the restaurant operator’s stock valued at $2,043,000 after acquiring an additional 165 shares in the last quarter. Jane Street Group LLC acquired a new stake in Biglari in the first quarter valued at $257,000. American Century Companies Inc. acquired a new stake in Biglari in the second quarter valued at $339,000. Finally, Invesco Ltd. acquired a new stake in Biglari in the second quarter valued at $2,815,000. Institutional investors and hedge funds 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.