Biglari (NYSE:BH) Trading Down 6.3% - What's Next?

Shares of Biglari Holdings Inc. (NYSE:BH - Get Free Report) fell 6.3% on Tuesday . The stock traded as low as $229.74 and last traded at $232.53. 11,079 shares were traded during mid-day trading, a decline of 28% from the average session volume of 15,378 shares. The stock had previously closed at $248.17.

Analyst Upgrades and Downgrades

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

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 stock has a market capitalization of $536.32 million, a P/E ratio of 1.34 and a beta of 0.73. The company has a fifty day simple moving average of $219.79 and a two-hundred day simple moving average of $193.85.

Insider Activity

In other news, CEO Sardar Biglari bought 817 shares of the business's stock in a transaction on Monday, December 16th. The shares were bought at an average cost of $366.99 per share, for a total transaction of $299,830.83. Following the completion of the acquisition, the chief executive officer now owns 1,319,993 shares in the company, valued at approximately $484,424,231.07. This trade represents a 0.06 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased a total of 21,977 shares of company stock valued at $6,342,966 in the last 90 days. 71.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BH. Los Angeles Capital Management LLC raised its holdings in shares of Biglari by 2.0% during the third quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator's stock worth $760,000 after acquiring an additional 88 shares during the period. Bank of New York Mellon Corp raised its stake 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 valued at $764,000 after purchasing an additional 130 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Biglari by 48.8% in the third quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator's stock valued at $145,000 after purchasing an additional 277 shares in the last quarter. Empowered Funds LLC boosted its position 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, Barclays PLC grew its holdings in shares of Biglari by 78.6% during the third quarter. Barclays PLC now owns 1,974 shares of the restaurant operator's stock worth $340,000 after buying an additional 869 shares in the last quarter. Institutional investors and hedge funds 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.