Biglari (NYSE:BH) Hits New 52-Week High – Here’s What Happened

Biglari Holdings Inc. (NYSE:BH) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $224.26 and last traded at $220.01, with a volume of 2339 shares. The stock had previously closed at $216.04.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Biglari from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th.

Biglari Stock Up 2.5 %

The firm has a market cap of $505.02 million, a PE ratio of 1.26 and a beta of 0.81. The business’s 50 day moving average price is $182.59 and its 200 day moving average price is $184.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.44.

Insider Buying and Selling at Biglari

In other news, CEO Sardar Biglari purchased 4,663 shares of Biglari stock in a transaction dated Thursday, November 14th. The shares were purchased at an average price of $328.48 per share, with a total value of $1,531,702.24. Following the transaction, the chief executive officer now owns 1,292,670 shares in the company, valued at $424,616,241.60. This represents a 0.36 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have bought 18,465 shares of company stock worth $5,061,839. Corporate insiders own 71.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BH. Innealta Capital LLC acquired a new position in shares of Biglari in the second quarter worth $25,000. Virtu Financial LLC purchased a new position in Biglari in the first quarter valued at $223,000. Ritholtz Wealth Management grew its stake in Biglari by 40.4% during the 2nd quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock worth $296,000 after purchasing an additional 441 shares in the last quarter. Barclays PLC increased its holdings in Biglari by 78.6% during the 3rd quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock worth $340,000 after purchasing an additional 869 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in 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 purchasing an additional 130 shares during the period. 74.30% of the stock is currently owned by hedge funds and other 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.