Biglari (NYSE:BH) Stock Crosses Above 200-Day Moving Average – What’s Next?

Shares of Biglari Holdings Inc. (NYSE:BH) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $338.58 and traded as high as $348.66. Biglari shares last traded at $340.4120, with a volume of 75,787 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Biglari from a “sell” rating to a “hold” rating in a report on Sunday, May 17th.

Biglari Stock Performance

The stock has a market cap of $779.54 million, a PE ratio of -4.67 and a beta of 0.71. The stock has a fifty day moving average of $300.21 and a 200-day moving average of $338.58. The company has a quick ratio of 2.44, a current ratio of 2.47 and a debt-to-equity ratio of 0.61.

Biglari (NYSE:BH) last posted its quarterly earnings data on Friday, May 8th. The restaurant operator reported ($55.81) EPS for the quarter. Biglari had a negative net margin of 4.71% and a negative return on equity of 1.20%. The company had revenue of $97.48 million for the quarter.

Insider Buying and Selling at Biglari

In related news, CEO Sardar Biglari purchased 535 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average cost of $297.14 per share, with a total value of $158,969.90. Following the completion of the acquisition, the chief executive officer directly owned 1,400,382 shares in the company, valued at $416,109,507.48. This trade represents a 0.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders acquired 54,952 shares of company stock worth $14,098,396 over the last three months. 68.53% of the stock is owned by company insiders.

Institutional Trading of Biglari

Several hedge funds have recently made changes to their positions in BH. Invesco Ltd. increased its stake in shares of Biglari by 319.8% during the third 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. Two Sigma Investments LP lifted its position in Biglari by 162.8% in the third quarter. Two Sigma Investments LP now owns 11,563 shares of the restaurant operator’s stock valued at $3,742,000 after purchasing an additional 7,163 shares during the period. JPMorgan Chase & Co. boosted its holdings in Biglari by 20.9% in the 3rd 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. Y Intercept Hong Kong Ltd purchased a new stake in Biglari in the 1st quarter valued at approximately $1,404,000. Finally, Man Group plc acquired a new position in Biglari during the 2nd quarter worth approximately $872,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Biglari Company Profile

Biglari Holdings Inc is a diversified holding company that makes strategic investments and operates businesses across multiple industries, with a primary focus on the restaurant, insurance and media sectors. The company seeks to acquire controlling interests in undervalued enterprises and enhance long-term value through active management and operational improvements. Headquartered in San Antonio, Texas, Biglari Holdings approaches each acquisition with a value-oriented philosophy, emphasizing disciplined capital allocation and hands-on oversight.

In the restaurant segment, Biglari Holdings owns and operates Steak ‘n Shake, a national burger and milkshake chain founded in 1934, as well as Western Sizzlin, a buffet and steakhouse brand.