Biglari (NYSE:BH) Sees Unusually-High Trading Volume - Still a Buy?

Biglari Holdings Inc. (NYSE:BH - Get Free Report) saw an uptick in trading volume on Friday . 11,574 shares traded hands during trading, an increase of 88% from the previous session's volume of 6,164 shares.The stock last traded at $250.51 and had previously closed at $249.96.

Analysts Set New Price Targets

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

Biglari Price Performance

The firm has a market cap of $586.66 million, a price-to-earnings ratio of 1.46 and a beta of 0.81. The business's 50-day moving average price is $218.28 and its two-hundred day moving average price is $193.25. 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 Activity

In related news, CEO Sardar Biglari bought 4,663 shares of the firm's stock in a transaction on Thursday, November 14th. The stock was bought at an average cost of $328.48 per share, for a total transaction of $1,531,702.24. Following the completion of the purchase, the chief executive officer now directly owns 1,292,670 shares in the company, valued at approximately $424,616,241.60. The trade was a 0.36 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders bought 21,977 shares of company stock worth $6,342,966. 71.40% of the stock is currently owned by insiders.

Institutional Trading of Biglari

Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in shares of 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 worth $764,000 after purchasing an additional 130 shares in the last quarter. Ritholtz Wealth Management grew its position in Biglari by 40.4% in the 2nd quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator's stock valued at $296,000 after buying an additional 441 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in Biglari by 2.0% during the 3rd 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 period. Empowered Funds LLC raised its position in shares of 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 in the last quarter. Finally, Barclays PLC lifted 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 worth $340,000 after acquiring an additional 869 shares during the period. 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.