Biglari (NYSE:BH) Hits New 12-Month High - Here's Why

Shares of Biglari Holdings Inc. (NYSE:BH - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $266.08 and last traded at $265.85, with a volume of 6019 shares traded. The stock had previously closed at $253.59.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Biglari from a "strong-buy" rating to a "buy" rating in a research note on Tuesday.

Biglari Stock Performance

The stock has a market capitalization of $602.12 million, a P/E ratio of 1.50 and a beta of 0.81. The company's fifty day simple moving average is $204.39 and its two-hundred day simple moving average is $189.45. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.44 and a current ratio of 1.47.

Insider Buying and Selling at Biglari

In related news, CEO Sardar Biglari purchased 5,145 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $240.96 per share, with a total value of $1,239,739.20. Following the completion of the purchase, the chief executive officer now directly owns 1,302,770 shares in the company, valued at $313,915,459.20. This trade represents a 0.40 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 21,977 shares of company stock valued at $6,342,966 in the last quarter. Company insiders own 71.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BH. Barclays PLC increased its holdings in shares of Biglari by 78.6% during the third quarter. Barclays PLC now owns 1,974 shares of the restaurant operator's stock worth $340,000 after buying an additional 869 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Biglari by 40.4% in 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. Empowered Funds LLC increased its holdings in Biglari by 4.6% in the 3rd quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator's stock worth $1,568,000 after purchasing an additional 402 shares in the last quarter. Bank of New York Mellon Corp raised its position 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 purchasing an additional 130 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Biglari during the second quarter valued at about $25,000. 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.