Biglari (NYSE:BH) Sees Large Volume Increase – Time to Buy?

Biglari Holdings Inc. (NYSE:BH) shares saw unusually-strong trading volume on Friday . Approximately 5,714 shares changed hands during mid-day trading, an increase of 27% from the previous session’s volume of 4,493 shares.The stock last traded at $221.39 and had previously closed at $224.36.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Biglari from a “buy” rating to a “hold” rating in a report on Tuesday.

Biglari Stock Performance

The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average price of $235.36 and a 200-day moving average price of $206.21. The firm has a market cap of $497.23 million, a price-to-earnings ratio of 1.24 and a beta of 0.69.

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

Insiders Place Their Bets

In other news, CEO Sardar Biglari acquired 817 shares of Biglari stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of $366.99 per share, with a total value of $299,830.83. Following the completion of the purchase, the chief executive officer now owns 1,319,993 shares of the company’s stock, valued at approximately $484,424,231.07. This represents a 0.06 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 71.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management LLC increased its holdings in Biglari by 2.0% in the third quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock valued at $760,000 after buying an additional 88 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Biglari by 28.2% during the fourth quarter. Wells Fargo & Company MN now owns 427 shares of the restaurant operator’s stock worth $109,000 after buying an additional 94 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Biglari by 0.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,887 shares of the restaurant operator’s stock valued at $3,023,000 after buying an additional 98 shares during the period. Atticus Wealth Management LLC bought a new position in shares of Biglari in the fourth quarter valued at $25,000. Finally, Rhumbline Advisers raised its position in Biglari by 10.0% during the fourth quarter. Rhumbline Advisers now owns 1,139 shares of the restaurant operator’s stock valued at $290,000 after buying an additional 104 shares during the period. 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.