Biglari (NYSE:BH) Stock Passes Above 200 Day Moving Average - Here's Why

Biglari Holdings Inc. (NYSE:BH - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $210.32 and traded as high as $218.85. Biglari shares last traded at $209.76, with a volume of 8,410 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Biglari from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th.

Biglari Stock Down 3.3 %

The company's fifty day simple moving average is $227.86 and its 200 day simple moving average is $211.09. 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 firm has a market capitalization of $493.02 million, a PE ratio of 1.23 and a beta of 0.69.

Biglari (NYSE:BH - Get Free Report) last released its earnings results on Saturday, March 1st. The restaurant operator reported ($36.60) EPS for the quarter. The firm had revenue of $91.12 million during the quarter. Biglari had a net margin of 14.14% and a return on equity of 16.03%.

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Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Invesco Ltd. bought a new position in shares of Biglari during the fourth quarter valued at approximately $4,019,000. JPMorgan Chase & Co. increased its position in Biglari by 1,809.5% during the 4th quarter. JPMorgan Chase & Co. now owns 16,135 shares of the restaurant operator's stock valued at $4,103,000 after buying an additional 15,290 shares in the last quarter. Peapod Lane Capital LLC purchased a new position in Biglari during the fourth quarter valued at $3,705,000. Allspring Global Investments Holdings LLC bought a new stake in Biglari in the fourth quarter worth $680,000. Finally, Bailard Inc. bought a new stake in Biglari in the fourth quarter worth $307,000. 74.30% of the stock is currently owned by institutional investors.

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.