Biglari (NYSE:BH) Downgraded to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Biglari (NYSE:BH) from a buy rating to a hold rating in a research note released on Tuesday.

Biglari Stock Performance

Shares of BH opened at $222.89 on Tuesday. The stock has a 50-day moving average of $235.36 and a two-hundred day moving average of $206.21. Biglari has a one year low of $159.69 and a one year high of $271.35. 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 cap of $507.30 million, a P/E ratio of 1.26 and a beta of 0.69.

Biglari (NYSE:BH) last released its quarterly earnings data on Saturday, March 1st. The restaurant operator reported ($36.60) earnings per share for the quarter. The company had revenue of $91.12 million for the quarter. Biglari had a net margin of 14.14% and a return on equity of 16.03%.

Insider Buying and Selling at Biglari

In related news, CEO Sardar Biglari acquired 817 shares of Biglari stock in a transaction on Monday, December 16th. The stock was acquired at an average price of $366.99 per share, for a total transaction of $299,830.83. Following the purchase, the chief executive officer now owns 1,319,993 shares of the company’s stock, valued at approximately $484,424,231.07. This represents a 0.06 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 71.40% of the company’s stock.

Hedge Funds Weigh In On Biglari

Institutional investors and hedge funds have recently modified their holdings of the business. Atticus Wealth Management LLC purchased a new position in shares of Biglari in the 4th quarter valued at about $25,000. Deutsche Bank AG purchased a new position in shares of Biglari in the 4th quarter valued at about $44,000. Wells Fargo & Company MN increased its stake in shares of Biglari by 28.2% in the 4th quarter. Wells Fargo & Company MN now owns 427 shares of the restaurant operator’s stock valued at $109,000 after purchasing an additional 94 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Biglari in the 4th quarter valued at about $115,000. Finally, MetLife Investment Management LLC purchased a new position in shares of Biglari in the 4th quarter valued at about $117,000. 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.