Biglari (NYSE:BH) Hits New 52-Week High – Still a Buy?

Biglari Holdings Inc. (NYSE:BH) reached a new 52-week high on Tuesday . The company traded as high as $266.08 and last traded at $265.85, with a volume of 6019 shares changing hands. The stock had previously closed at $253.59.

Wall Street Analyst Weigh In

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

Biglari Stock Up 4.3 %

The stock has a market capitalization of $602.12 million, a P/E ratio of 1.50 and a beta of 0.81. 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 moving average is $202.48 and its 200-day moving average is $188.95.

Insider Activity

In other news, CEO Sardar Biglari acquired 516 shares of Biglari stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $738.70 per share, with a total value of $381,169.20. Following the acquisition, the chief executive officer now owns 1,319,162 shares in the company, valued at $974,464,969.40. This represents a 0.04 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders bought 21,977 shares of company stock worth $6,342,966. Insiders own 71.40% of the company’s stock.

Hedge Funds Weigh In On Biglari

Several large investors have recently made changes to their positions in BH. Barclays PLC boosted its stake in Biglari by 78.6% in the third quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock valued at $340,000 after acquiring an additional 869 shares during the last quarter. Empowered Funds LLC boosted its position in shares of 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 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 last quarter. Ritholtz Wealth Management lifted its stake in Biglari by 40.4% in the second quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock valued at $296,000 after buying an additional 441 shares during the period. Finally, Innealta Capital LLC bought a new position in Biglari during the second quarter worth about $25,000. Institutional investors and hedge funds 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.