Biglari (NYSE:BH) Stock Price Down 2.1% – Here’s What Happened

Shares of Biglari Holdings Inc. (NYSE:BH) traded down 2.1% on Friday . The company traded as low as $234.01 and last traded at $238.53. 6,962 shares were traded during mid-day trading, an increase of 113% from the average session volume of 3,270 shares. The stock had previously closed at $243.70.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Biglari from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th.

Biglari Stock Performance

The company’s 50-day moving average price is $200.81 and its 200 day moving average price is $188.62. The stock has a market capitalization of $570.55 million, a PE ratio of 1.42 and a beta of 0.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.44 and a current ratio of 1.47.

Insiders Place Their Bets

In other news, CEO Sardar Biglari purchased 384 shares of Biglari stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average cost of $207.95 per share, with a total value of $79,852.80. Following the completion of the purchase, the chief executive officer now directly owns 1,309,161 shares in the company, valued at approximately $272,240,029.95. This trade represents a 0.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders purchased 21,977 shares of company stock worth $6,342,966 over the last three months. Company insiders own 71.40% of the company’s stock.

Institutional Trading of Biglari

A number of hedge funds have recently modified their holdings of BH. Innealta Capital LLC purchased a new stake in shares of Biglari in the 2nd quarter worth approximately $25,000. Ritholtz Wealth Management increased its holdings in shares of Biglari by 40.4% during the second quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock valued at $296,000 after acquiring an additional 441 shares in the last quarter. 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 purchasing an additional 869 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in Biglari by 2.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock worth $760,000 after purchasing an additional 88 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Biglari by 3.4% during 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 purchasing an additional 130 shares during the last quarter. 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.