Biglari (NYSE:BH) Downgraded to “Buy” Rating by StockNews.com

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

Biglari Price Performance

Shares of BH stock opened at $225.83 on Friday. Biglari has a one year low of $145.95 and a one year high of $271.35. The firm has a market cap of $514.90 million, a price-to-earnings ratio of 1.28 and a beta of 0.73. The stock’s fifty day simple moving average is $230.78 and its 200 day simple moving average is $197.18. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.44.

Biglari (NYSE:BH) last posted its earnings results on Friday, November 8th. The restaurant operator reported $114.77 earnings per share (EPS) for the quarter. The company had revenue of $90.41 million during the quarter. Biglari had a net margin of 14.14% and a return on equity of 16.03%.

Insider Transactions at Biglari

In related news, CEO Sardar Biglari bought 4,994 shares of Biglari stock in a transaction dated Tuesday, November 12th. The shares were bought at an average cost of $247.33 per share, for a total transaction of $1,235,166.02. Following the completion of the transaction, the chief executive officer now owns 1,281,750 shares of the company’s stock, valued at approximately $317,015,227.50. This trade represents a 0.39 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have acquired 21,977 shares of company stock worth $6,342,966. Insiders own 71.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BH. Los Angeles Capital Management LLC increased its stake in shares of Biglari by 2.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock valued at $760,000 after buying an additional 88 shares during the period. Atticus Wealth Management LLC bought a new position in Biglari in the fourth quarter valued at about $25,000. Ritholtz Wealth Management increased its position in Biglari by 17.0% in the fourth quarter. Ritholtz Wealth Management now owns 1,404 shares of the restaurant operator’s stock worth $357,000 after purchasing an additional 204 shares during the period. JPMorgan Chase & Co. increased its position in Biglari by 48.8% in the third quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock worth $145,000 after purchasing an additional 277 shares during the period. Finally, Empowered Funds LLC raised its holdings in Biglari by 4.6% during 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. Institutional investors 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.