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

StockNews.com downgraded shares of Biglari (NYSE:BH) from a strong-buy rating to a buy rating in a research report released on Wednesday.

Biglari Trading Down 0.5 %

NYSE BH opened at $232.17 on Wednesday. Biglari has a twelve month low of $145.95 and a twelve month high of $271.35. The business’s fifty day moving average is $235.17 and its 200 day moving average is $199.85. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The company has a market cap of $529.34 million, a price-to-earnings ratio of 1.32 and a beta of 0.71.

Biglari (NYSE:BH) last announced its quarterly earnings results on Friday, November 8th. The restaurant operator reported $114.77 EPS 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 Activity

In other Biglari news, CEO Sardar Biglari acquired 4,663 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were bought at an average cost of $328.48 per share, with a total value of $1,531,702.24. Following the purchase, the chief executive officer now directly owns 1,292,670 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders purchased 21,977 shares of company stock valued at $6,342,966. Company insiders own 71.40% of the company’s stock.

Institutional Trading of Biglari

Large investors have recently modified their holdings of the stock. Atticus Wealth Management LLC bought a new position in Biglari during the fourth quarter worth $25,000. SG Americas Securities LLC acquired a new position in shares of Biglari during the fourth quarter valued at about $115,000. JPMorgan Chase & Co. boosted its position in shares of Biglari by 48.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock worth $145,000 after purchasing an additional 277 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Biglari by 10.0% in the 4th quarter. Rhumbline Advisers now owns 1,139 shares of the restaurant operator’s stock valued at $290,000 after buying an additional 104 shares during the period. Finally, Bailard Inc. bought a new stake in Biglari in the 4th quarter valued at about $307,000. 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.