Biglari (NYSE:BH) Sees Large Volume Increase – What’s Next?

Shares of Biglari Holdings Inc. (NYSE:BH) saw unusually-high trading volume on Monday . Approximately 53,707 shares traded hands during mid-day trading, an increase of 118% from the previous session’s volume of 24,683 shares.The stock last traded at $325.8750 and had previously closed at $331.36.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Biglari from a “buy” rating to a “hold” rating in a report on Saturday, November 15th.

Biglari Price Performance

The company has a quick ratio of 2.80, a current ratio of 2.83 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average of $333.83 and a 200 day moving average of $309.98. The firm has a market cap of $745.59 million, a P/E ratio of 29.22 and a beta of 0.83.

Insider Transactions at Biglari

In related news, CEO Sardar Biglari acquired 310 shares of Biglari stock in a transaction on Wednesday, December 10th. The stock was purchased at an average cost of $321.94 per share, with a total value of $99,801.40. Following the completion of the transaction, the chief executive officer directly owned 1,332,028 shares in the company, valued at $428,833,094.32. This trade represents a 0.02% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders acquired 9,659 shares of company stock worth $3,153,061. Company insiders own 74.70% of the company’s stock.

Institutional Investors Weigh In On Biglari

Hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. grew its stake in shares of Biglari by 608.3% in the third quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Biglari by 128.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 89 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 50 shares in the last quarter. CWM LLC boosted its holdings in Biglari by 148.7% in the 3rd quarter. CWM LLC now owns 97 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 58 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Biglari during the 3rd quarter worth approximately $34,000. Finally, Police & Firemen s Retirement System of New Jersey grew its position in shares of Biglari by 41.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 171 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds 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.