Biglari (NYSE:BH) Shares Pass Above 200 Day Moving Average – Time to Sell?

Biglari Holdings Inc. (NYSE:BH) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $210.32 and traded as high as $218.85. Biglari shares last traded at $209.76, with a volume of 8,410 shares changing hands.

Analyst Ratings Changes

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

Biglari Stock Up 5.6 %

The stock has a market cap of $507.98 million, a P/E ratio of 1.26 and a beta of 0.69. 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 stock’s 50-day moving average is $227.90 and its 200-day moving average is $210.42.

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

Institutional Investors Weigh In On Biglari

Institutional investors and hedge funds have recently bought and sold shares of the business. Atticus Wealth Management LLC bought a new stake in shares of Biglari in the 4th quarter worth approximately $25,000. Deutsche Bank AG acquired a new position in Biglari in the fourth quarter worth approximately $44,000. Wells Fargo & Company MN increased its holdings in shares of Biglari by 28.2% in the fourth 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 in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Biglari during the 4th quarter valued at $115,000. Finally, MetLife Investment Management LLC bought a new stake in shares of Biglari during the 4th quarter worth $117,000. 74.30% of the stock is owned by institutional investors and hedge funds.

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.