Biglari (NYSE:BH) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Biglari (NYSE:BH) from a hold rating to a strong-buy rating in a report released on Monday morning.

Biglari Trading Up 4.0 %

BH stock opened at $212.16 on Monday. Biglari has a 52 week low of $142.01 and a 52 week high of $219.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.40 and a current ratio of 1.47. The company’s 50-day simple moving average is $173.04 and its 200 day simple moving average is $184.57. The company has a market capitalization of $483.72 million, a PE ratio of 1.20 and a beta of 0.71.

Insider Activity

In related news, major shareholder Sardar Biglari acquired 43,161 shares of the stock in a transaction on Wednesday, August 21st. The shares were purchased at an average price of $13.59 per share, for a total transaction of $586,557.99. Following the purchase, the insider now directly owns 364,731 shares in the company, valued at approximately $4,956,694.29. The trade was a 13.42 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders acquired 115,147 shares of company stock worth $4,192,375. Corporate insiders own 71.40% of the company’s stock.

Institutional Trading of Biglari

Institutional investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC raised its stake 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 purchasing an additional 88 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Biglari by 5.5% in the 1st quarter. GSA Capital Partners LLP now owns 2,406 shares of the restaurant operator’s stock valued at $456,000 after buying an additional 125 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Biglari during the 2nd quarter worth approximately $25,000. Bank of New York Mellon Corp boosted its position in shares of Biglari by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock worth $764,000 after acquiring an additional 130 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Biglari by 81.6% in the first quarter. BNP Paribas Financial Markets now owns 356 shares of the restaurant operator’s stock valued at $68,000 after acquiring an additional 160 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

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.