Biglari (NYSE:BH) Sees Unusually-High Trading Volume - Here's What Happened

Biglari Holdings Inc. (NYSE:BH - Get Free Report) saw strong trading volume on Monday . 5,448 shares were traded during mid-day trading, an increase of 50% from the previous session's volume of 3,643 shares.The stock last traded at $251.25 and had previously closed at $250.68.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Biglari from a "hold" rating to a "strong-buy" rating in a report on Monday, November 11th.

Biglari Price Performance

The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average of $200.81 and a two-hundred day moving average of $188.53. The company has a market capitalization of $577.17 million, a PE ratio of 1.44 and a beta of 0.81.

Insider Buying and Selling

In other Biglari news, CEO Sardar Biglari acquired 384 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were purchased at an average cost of $207.95 per share, for a total transaction of $79,852.80. Following the transaction, the chief executive officer now owns 1,309,161 shares in the company, valued at $272,240,029.95. This represents a 0.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought a total of 21,977 shares of company stock valued at $6,342,966 over the last three months. 71.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BH. Innealta Capital LLC purchased a new stake in Biglari in the second quarter worth about $25,000. Ritholtz Wealth Management increased its position in shares of Biglari by 40.4% during the second quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator's stock valued at $296,000 after acquiring an additional 441 shares in the last quarter. Barclays PLC raised its holdings in 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 last quarter. Los Angeles Capital Management LLC boosted 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 purchasing an additional 88 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Biglari by 3.4% in 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 in the last quarter. Hedge funds and other institutional investors 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.