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

Biglari (NYSE:BH) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Tuesday.

Biglari Trading Up 4.3 %

NYSE:BH traded up $10.96 on Tuesday, reaching $264.55. The company’s stock had a trading volume of 11,255 shares, compared to its average volume of 3,776. Biglari has a 1-year low of $145.95 and a 1-year high of $266.92. The business’s 50-day moving average price is $204.39 and its two-hundred day moving average price is $189.45. The firm has a market cap of $602.12 million, a PE ratio of 1.50 and a beta of 0.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.44 and a current ratio of 1.47.

Insider Buying and Selling at Biglari

In other Biglari news, CEO Sardar Biglari bought 5,145 shares of the stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $240.96 per share, with a total value of $1,239,739.20. Following the completion of the purchase, the chief executive officer now owns 1,302,770 shares in the company, valued at $313,915,459.20. The trade was a 0.40 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders acquired 21,977 shares of company stock valued at $6,342,966 in the last quarter. Company insiders own 71.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC increased its stake in Biglari by 2.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock valued at $760,000 after purchasing an additional 88 shares in the last quarter. Innealta Capital LLC acquired a new position in Biglari during the 2nd quarter valued at about $25,000. Bank of New York Mellon Corp increased its holdings in Biglari by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock worth $764,000 after purchasing an additional 130 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Biglari by 4.6% in the third quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator’s stock valued at $1,568,000 after purchasing an additional 402 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its position in shares of Biglari by 40.4% during the second quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock valued at $296,000 after buying an additional 441 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

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.