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

Biglari Holdings Inc. (NYSE:BHGet Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $277.43 and traded as high as $361.06. Biglari shares last traded at $356.59, with a volume of 14,978 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Biglari from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 13th.

Read Our Latest Stock Report on BH

Biglari Trading Up 1.8%

The company’s 50-day moving average price is $313.39 and its 200-day moving average price is $277.43. The firm has a market cap of $813.03 million, a price-to-earnings ratio of 2.44 and a beta of 0.80. The company has a quick ratio of 1.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.16.

Biglari (NYSE:BHGet Free Report) last announced its earnings results on Friday, August 8th. The restaurant operator reported $9.17 earnings per share (EPS) for the quarter. Biglari had a net margin of 10.48% and a return on equity of 5.28%. The business had revenue of $100.62 million for the quarter.

Hedge Funds Weigh In On Biglari

A number of institutional investors and hedge funds have recently bought and sold shares of BH. Nuveen LLC acquired a new position in Biglari during the first quarter worth about $3,965,000. Invesco Ltd. acquired a new position in Biglari during the second quarter worth about $2,815,000. Man Group plc acquired a new position in Biglari during the second quarter worth about $872,000. Jump Financial LLC acquired a new position in Biglari during the second quarter worth about $872,000. Finally, Strs Ohio acquired a new position in Biglari during the first quarter worth about $498,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Biglari Company Profile

(Get Free Report)

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.

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