Biglari (NYSE:BH) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Biglari Holdings Inc. (NYSE:BH - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $195.24 and traded as high as $223.00. Biglari shares last traded at $219.27, with a volume of 6,949 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Biglari from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, December 24th.

Biglari Trading Up 0.5 %

The stock's 50-day moving average price is $226.07 and its 200 day moving average price is $195.42. 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 capitalization of $502.38 million, a PE ratio of 1.25 and a beta of 0.81.

Insiders Place Their Bets

In other Biglari news, CEO Sardar Biglari purchased 4,663 shares of the stock in a transaction dated Thursday, November 14th. The stock was purchased at an average price of $328.48 per share, with a total value of $1,531,702.24. Following the transaction, the chief executive officer now owns 1,292,670 shares of the company's stock, valued at approximately $424,616,241.60. This trade represents a 0.36 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought 21,977 shares of company stock worth $6,342,966 in the last ninety days. 71.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Biglari

Several institutional investors have recently bought and sold shares of BH. Barclays PLC raised its position 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 purchasing an additional 869 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Biglari by 3.4% during the 2nd 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 in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Biglari by 2.0% in the third quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator's stock worth $760,000 after buying an additional 88 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Biglari by 4.6% during the third 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 during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Biglari by 48.8% during the third quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator's stock valued at $145,000 after buying an additional 277 shares during the last quarter. 74.30% of the stock is currently 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.