Shares of Biglari Holdings Inc. (NYSE:BH - Get Free Report) rose 4.8% during mid-day trading on Thursday . The stock traded as high as $221.94 and last traded at $221.56. Approximately 3,367 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 4,556 shares. The stock had previously closed at $211.40.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut Biglari from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th.
View Our Latest Stock Analysis on BH
Biglari Trading Up 0.3 %
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 $493.42 million, a PE ratio of 1.23 and a beta of 0.69. The business's 50-day moving average is $227.86 and its two-hundred day moving average is $211.40.
Biglari (NYSE:BH - Get Free Report) last issued its earnings results on Saturday, March 1st. The restaurant operator reported ($36.60) earnings per share for the quarter. The firm had revenue of $91.12 million during the quarter. Biglari had a net margin of 14.14% and a return on equity of 16.03%.
Hedge Funds Weigh In On Biglari
Large investors have recently modified their holdings of the business. Barclays PLC grew its holdings in 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 acquiring an additional 869 shares during the period. Rhumbline Advisers grew its stake in shares of Biglari by 10.0% during the 4th quarter. Rhumbline Advisers now owns 1,139 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 104 shares during the period. Peapod Lane Capital LLC purchased a new position in shares of Biglari in the 4th quarter valued at about $3,705,000. SG Americas Securities LLC acquired a new stake in shares of Biglari in the fourth quarter valued at about $115,000. Finally, JPMorgan Chase & Co. grew its position in Biglari by 48.8% during the third 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. 74.30% of the stock is owned by hedge funds and other institutional investors.
About Biglari
(
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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.
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