Biglari (NYSE:BH) Shares Cross Above 200-Day Moving Average – What’s Next?

Shares of Biglari Holdings Inc. (NYSE:BH) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $208.56 and traded as high as $217.98. Biglari shares last traded at $211.92, with a volume of 3,503 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Biglari from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th.

Biglari Price Performance

The stock has a 50-day simple moving average of $228.56 and a 200 day simple moving average of $208.77. The company has a market cap of $503.03 million, a PE ratio of 1.25 and a beta of 0.69. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

Biglari (NYSE:BH) last issued its quarterly earnings data on Saturday, March 1st. The restaurant operator reported ($36.60) earnings per share (EPS) for the quarter. The company had revenue of $91.12 million during the quarter. Biglari had a net margin of 14.14% and a return on equity of 16.03%.

Hedge Funds Weigh In On Biglari

A number of hedge funds have recently made changes to their positions in the stock. Atticus Wealth Management LLC purchased a new stake in Biglari in the fourth quarter valued at approximately $25,000. Deutsche Bank AG purchased a new stake in shares of Biglari in the 4th quarter valued at $44,000. Wells Fargo & Company MN raised its holdings in shares of Biglari by 28.2% in the 4th quarter. Wells Fargo & Company MN now owns 427 shares of the restaurant operator’s stock valued at $109,000 after buying an additional 94 shares during the period. SG Americas Securities LLC acquired a new position in Biglari during the 4th quarter worth about $115,000. Finally, MetLife Investment Management LLC purchased a new position in Biglari during the 4th quarter valued at about $117,000. Hedge funds and other 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.