Biglari (NYSE:BH) Shares Gap Up - Time to Buy?

Biglari Holdings Inc. (NYSE:BH - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $224.18, but opened at $232.28. Biglari shares last traded at $230.00, with a volume of 220 shares changing hands.

Analyst Ratings Changes

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

Biglari Stock Performance

The stock has a market capitalization of $523.65 million, a price-to-earnings ratio of 1.30 and a beta of 0.81. The company has a 50 day simple moving average of $187.15 and a 200-day simple moving average of $185.69. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

Insider Buying and Selling

In other Biglari news, CEO Sardar Biglari acquired 444 shares of the company's stock in a transaction on Wednesday, December 4th. The shares were purchased at an average cost of $223.85 per share, with a total value of $99,389.40. Following the completion of the purchase, the chief executive officer now owns 1,316,756 shares of the company's stock, valued at approximately $294,755,830.60. This represents a 0.03 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have bought 20,644 shares of company stock valued at $5,661,966. 71.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Empowered Funds LLC grew its position in Biglari by 4.6% in the 3rd quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator's stock worth $1,568,000 after purchasing an additional 402 shares in the last quarter. Los Angeles Capital Management LLC increased its position 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 valued at $760,000 after acquiring an additional 88 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Biglari by 3.4% during 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. Barclays PLC boosted its position in Biglari by 78.6% in the third quarter. Barclays PLC now owns 1,974 shares of the restaurant operator's stock worth $340,000 after purchasing an additional 869 shares during the last quarter. Finally, Ritholtz Wealth Management grew its stake in Biglari by 40.4% in the 2nd quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator's stock valued at $296,000 after purchasing an additional 441 shares during the period. 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.