Biglari (NYSE:BH) Share Price Passes Above 200 Day Moving Average - What's Next?

Shares of Biglari Holdings Inc. (NYSE:BH - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $198.61 and traded as high as $235.90. Biglari shares last traded at $231.07, with a volume of 3,570 shares.

Analyst Ratings Changes

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

Biglari Trading Up 2.7 %

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's fifty day moving average price is $234.00 and its two-hundred day moving average price is $199.11. The stock has a market capitalization of $535.83 million, a P/E ratio of 1.33 and a beta of 0.71.

Biglari (NYSE:BH - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The restaurant operator reported $114.77 earnings per share (EPS) for the quarter. The business had revenue of $90.41 million during the quarter. Biglari had a net margin of 14.14% and a return on equity of 16.03%.

Insider Buying and Selling

In other Biglari news, CEO Sardar Biglari bought 817 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average cost of $366.99 per share, with a total value of $299,830.83. Following the completion of the purchase, the chief executive officer now directly owns 1,319,993 shares of the company's stock, valued at $484,424,231.07. This trade represents a 0.06 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have purchased a total of 21,977 shares of company stock worth $6,342,966 in the last ninety days. 71.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Biglari

Several institutional investors and hedge funds have recently bought and sold shares of the business. Peapod Lane Capital LLC purchased a new position in shares of Biglari during the fourth quarter valued at about $3,705,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Biglari during the 4th quarter worth approximately $680,000. 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 worth $340,000 after acquiring an additional 869 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Biglari in the 4th quarter valued at approximately $115,000. Finally, 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 valued at $1,568,000 after purchasing an additional 402 shares in the last quarter. 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.