Biglari (NYSE:BH) Trading Down 2.1% - Time to Sell?

Biglari Holdings Inc. (NYSE:BH - Get Free Report) shares traded down 2.1% during trading on Friday . The company traded as low as $234.01 and last traded at $238.53. 6,962 shares changed hands during mid-day trading, an increase of 113% from the average session volume of 3,270 shares. The stock had previously closed at $243.70.

Wall Street Analysts Forecast Growth

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

Biglari Trading Up 2.9 %

The stock's 50 day moving average is $199.24 and its 200-day moving average is $188.24. The company has a market cap of $570.55 million, a P/E ratio of 1.42 and a beta of 0.81. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17.

Insider Transactions at Biglari

In other Biglari news, CEO Sardar Biglari acquired 384 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average cost of $207.95 per share, with a total value of $79,852.80. Following the completion of the transaction, the chief executive officer now directly owns 1,309,161 shares of the company's stock, valued at approximately $272,240,029.95. This represents a 0.03 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have bought 21,977 shares of company stock worth $6,342,966. Corporate insiders own 71.40% of the company's stock.

Institutional Trading of Biglari

A number of large investors have recently made changes to their positions in BH. Bank of New York Mellon Corp grew its holdings 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 acquiring an additional 130 shares during the period. Innealta Capital LLC purchased a new stake in shares of Biglari during the 2nd quarter valued at about $25,000. Ritholtz Wealth Management lifted its stake in shares of 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 during the period. Los Angeles Capital Management LLC boosted 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. Finally, Empowered Funds LLC grew its position in Biglari by 4.6% during the third quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator's stock valued at $1,568,000 after buying an additional 402 shares during the period. 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.