Biglari (NYSE:BH) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Biglari Holdings Inc. (NYSE:BH - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $191.41 and traded as high as $262.69. Biglari shares last traded at $254.29, with a volume of 24,299 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of 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 debt-to-equity ratio of 0.17, a quick ratio of 1.44 and a current ratio of 1.47. The stock has a market capitalization of $578.76 million, a PE ratio of 1.44 and a beta of 0.81. The stock's 50 day moving average is $213.32 and its two-hundred day moving average is $191.93.

Insider Activity

In other Biglari news, CEO Sardar Biglari purchased 516 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average cost of $738.70 per share, for a total transaction of $381,169.20. Following the completion of the transaction, the chief executive officer now owns 1,319,162 shares of the company's stock, valued at $974,464,969.40. The trade was a 0.04 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have bought a total of 21,977 shares of company stock worth $6,342,966 over the last quarter. 71.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Biglari

Hedge funds and other institutional investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC grew its position in 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 acquiring an additional 88 shares during the period. Bank of New York Mellon Corp grew its position in 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 acquiring an additional 130 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Biglari by 48.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator's stock worth $145,000 after buying an additional 277 shares during the period. Empowered Funds LLC increased 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 acquiring an additional 402 shares during the period. Finally, Ritholtz Wealth Management raised its position 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 in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

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.