Biglari (NYSE:BH) Lowered to Buy Rating by StockNews.com

Biglari (NYSE:BH - Get Free Report) was downgraded by StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Wednesday.

Biglari Stock Down 0.5 %

NYSE BH traded down $1.17 during trading on Wednesday, reaching $232.17. 3,680 shares of the company's stock traded hands, compared to its average volume of 4,150. Biglari has a 12-month low of $145.95 and a 12-month high of $271.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.44. The firm has a market cap of $529.34 million, a price-to-earnings ratio of 1.32 and a beta of 0.71. The company's 50 day simple moving average is $235.17 and its two-hundred day simple moving average is $199.86.

Biglari (NYSE:BH - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The restaurant operator reported $114.77 earnings per share (EPS) for the quarter. The company had revenue of $90.41 million for the quarter. Biglari had a net margin of 14.14% and a return on equity of 16.03%.

Insider Transactions at Biglari

In other news, CEO Sardar Biglari bought 4,663 shares of Biglari stock in a transaction that occurred on Thursday, November 14th. The stock was bought at an average price of $328.48 per share, for a total transaction of $1,531,702.24. Following the purchase, the chief executive officer now directly owns 1,292,670 shares of the company's stock, valued at approximately $424,616,241.60. The trade was a 0.36 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have acquired 21,977 shares of company stock worth $6,342,966. Insiders own 71.40% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Los Angeles Capital Management LLC boosted its position 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 buying an additional 88 shares during the last quarter. Empowered Funds LLC lifted its stake in Biglari by 4.6% during the 3rd quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator's stock valued at $1,568,000 after acquiring an additional 402 shares during the period. Barclays PLC boosted its holdings 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 acquiring an additional 869 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Biglari by 48.8% in the third quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator's stock worth $145,000 after acquiring an additional 277 shares during the period. Finally, Ritholtz Wealth Management raised its holdings in shares of Biglari by 17.0% during the fourth quarter. Ritholtz Wealth Management now owns 1,404 shares of the restaurant operator's stock worth $357,000 after purchasing an additional 204 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

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.