Biglari (NYSE:BH) Shares Down 4.5% – Time to Sell?

Shares of Biglari Holdings Inc. (NYSE:BH) dropped 4.5% during mid-day trading on Monday . The company traded as low as $266.53 and last traded at $270.7890. Approximately 44,796 shares changed hands during mid-day trading, an increase of 106% from the average daily volume of 21,782 shares. The stock had previously closed at $283.63.

Wall Street Analysts Forecast Growth

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

Biglari Stock Performance

The company has a quick ratio of 1.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average price of $337.04 and a 200 day moving average price of $303.08. The stock has a market cap of $651.73 million, a PE ratio of 1.96 and a beta of 0.81.

Institutional Trading of Biglari

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BH. Invesco Ltd. grew its holdings in shares of Biglari by 319.8% during the 3rd quarter. Invesco Ltd. now owns 40,443 shares of the restaurant operator’s stock worth $13,089,000 after acquiring an additional 30,810 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Biglari by 20.9% during the third quarter. JPMorgan Chase & Co. now owns 32,656 shares of the restaurant operator’s stock valued at $10,569,000 after purchasing an additional 5,650 shares in the last quarter. Nuveen LLC bought a new stake in shares of Biglari during the first quarter valued at approximately $3,965,000. Bridgeway Capital Management LLC grew its stake in Biglari by 4.1% in the third quarter. Bridgeway Capital Management LLC now owns 16,944 shares of the restaurant operator’s stock worth $5,484,000 after purchasing an additional 666 shares during the period. Finally, Peapod Lane Capital LLC raised its holdings in Biglari by 0.3% in the second quarter. Peapod Lane Capital LLC now owns 13,876 shares of the restaurant operator’s stock worth $4,055,000 after purchasing an additional 47 shares in the last quarter. Hedge funds and other 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.