Biglari (NYSE:BH) Trading Down 6.3% – What’s Next?

Biglari Holdings Inc. (NYSE:BH) shares fell 6.3% on Tuesday . The stock traded as low as $229.74 and last traded at $232.53. 11,079 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 15,378 shares. The stock had previously closed at $248.17.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Biglari from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 24th.

Biglari Trading Down 3.0 %

The firm’s 50 day simple moving average is $222.18 and its 200-day simple moving average is $194.42. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $522.09 million, a PE ratio of 1.30 and a beta of 0.73.

Insider Activity

In other Biglari news, CEO Sardar Biglari bought 817 shares of the stock in a transaction dated Monday, December 16th. The stock was bought at an average cost of $366.99 per share, for a total transaction of $299,830.83. Following the completion of the purchase, the chief executive officer now directly owns 1,319,993 shares of the company’s stock, valued at approximately $484,424,231.07. The trade was a 0.06 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders purchased 21,977 shares of company stock worth $6,342,966. 71.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Biglari

A number of hedge funds have recently bought and sold shares of BH. Barclays PLC raised its stake in shares of Biglari by 78.6% in the 3rd quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock valued at $340,000 after purchasing an additional 869 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Biglari by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock valued at $764,000 after buying an additional 130 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in Biglari by 2.0% during the third quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock valued at $760,000 after buying an additional 88 shares in the last quarter. Empowered Funds LLC lifted its holdings in Biglari by 4.6% during the 3rd quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator’s stock worth $1,568,000 after buying an additional 402 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Biglari by 48.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock valued at $145,000 after acquiring an additional 277 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Biglari Company Profile

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.