Biglari (NYSE:BH) Stock Price Up 13.2% – Should You Buy?

Biglari Holdings Inc. (NYSE:BH) shares traded up 13.2% on Monday. The company traded as high as $357.87 and last traded at $364.8480. 43,155 shares changed hands during trading, a decline of 60% from the average daily volume of 108,387 shares. The stock had previously closed at $322.43.

Biglari Trading Up 10.7%

The firm has a market capitalization of $830.42 million, a price-to-earnings ratio of -4.15 and a beta of 0.67. The company has a fifty day moving average price of $373.99 and a 200-day moving average price of $356.34. The company has a current ratio of 2.45, a quick ratio of 2.42 and a debt-to-equity ratio of 0.58.

Biglari (NYSE:BH) last issued its quarterly earnings data on Friday, November 6th. The restaurant operator reported $3.91 earnings per share for the quarter. The firm had revenue of $112.07 million for the quarter. Biglari had a negative net margin of 5.61% and a positive return on equity of 4.88%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Engineers Gate Manager LP increased its position in Biglari by 869.7% during the second quarter. Engineers Gate Manager LP now owns 1,920 shares of the restaurant operator’s stock worth $818,000 after buying an additional 1,722 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Biglari in the fourth quarter worth about $498,000. Swiss National Bank acquired a new stake in shares of Biglari in the first quarter worth about $475,000. Bank of America Corp DE boosted its stake in shares of Biglari by 72.1% during 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 in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Biglari during the 2nd quarter worth about $282,000. Institutional investors own 74.30% of the company’s stock.

Biglari Company Profile

Biglari Holdings Inc is a diversified holding company that owns and operates businesses in the restaurant, insurance, media and investment-management industries. The company is best known for its ownership of Steak ‘n Shake, a casual dining restaurant chain specializing in steakburgers, fries and milkshakes, and Western Sizzlin, a steakhouse and buffet restaurant business.

Through its insurance operations, Biglari Holdings provides commercial trucking coverage and related property and casualty insurance products.