Biglari (NYSE:BH) Shares Up 5.1% – Time to Buy?

Shares of Biglari Holdings Inc. (NYSE:BH) rose 5.1% during mid-day trading on Tuesday. The stock traded as high as $384.36 and last traded at $384.2070. 54,974 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 110,766 shares. The stock had previously closed at $365.54.

Biglari Trading Up 5.6%

The company has a 50 day simple moving average of $371.49 and a 200 day simple moving average of $347.22. The company has a current ratio of 2.45, a quick ratio of 2.42 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $899.69 million, a PE ratio of -3.53 and a beta of 0.64.

Biglari (NYSE:BH) last announced its earnings results on Friday, August 7th. The restaurant operator reported $158.17 earnings per share for the quarter. Biglari had a positive return on equity of 5.70% and a negative net margin of 7.33%. The company had revenue of $108.52 million for the quarter.

Insider Activity at Biglari

In related news, major shareholder Sardar Biglari sold 80,000 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $16.90, for a total transaction of $1,352,000.00. Following the completion of the sale, the insider directly owned 66,422 shares of the company’s stock, valued at $1,122,531.80. This trade represents a 54.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 119,257 shares of company stock worth $2,008,764 in the last three months. 68.53% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Biglari

Institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC purchased a new position in Biglari during the 2nd quarter worth $282,000. Saber Capital Managment LLC acquired a new stake in shares of Biglari in the 4th quarter worth $404,000. Bank of America Corp DE lifted its stake in shares of Biglari by 72.1% in the 1st quarter. Bank of America Corp DE now owns 1,287 shares of the restaurant operator’s stock worth $424,000 after acquiring an additional 539 shares during the period. Swiss National Bank acquired a new stake in shares of Biglari in the 1st quarter worth $475,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Biglari in the fourth quarter valued at about $498,000. 74.30% of the stock is owned by institutional investors and hedge funds.

About Biglari

Biglari Holdings Inc (NYSE: BH) is a diversified holding company led by Chairman and Chief Executive Officer Sardar Biglari. Rather than operating as a single-industry business, the company owns and manages a collection of operating subsidiaries and investments across the restaurant, insurance, media and investment-management industries.

Its restaurant operations include Steak ‘n Shake, a casual dining chain known for steakburgers and hand-dipped milkshakes, and Western Sizzlin, a steakhouse and buffet concept.