Biglari (NYSE:BH) Stock Price Up 6.2% – What’s Next?

Biglari Holdings Inc. (NYSE:BH)’s share price rose 6.2% during trading on Thursday . The stock traded as high as $253.87 and last traded at $251.00. Approximately 7,788 shares were traded during trading, an increase of 151% from the average daily volume of 3,101 shares. The stock had previously closed at $236.41.

Analyst Ratings Changes

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

Biglari Stock Up 2.9 %

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 firm’s 50 day moving average price is $199.24 and its two-hundred day moving average price is $188.24. The company has a market cap of $570.55 million, a P/E ratio of 1.42 and a beta of 0.81.

Insider Buying and Selling at Biglari

In other Biglari news, CEO Sardar Biglari purchased 4,663 shares of Biglari stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average price of $328.48 per share, with a total value of $1,531,702.24. Following the transaction, the chief executive officer now owns 1,292,670 shares in the company, valued at $424,616,241.60. This trade represents a 0.36 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders purchased 21,977 shares of company stock valued at $6,342,966. Corporate insiders own 71.40% of the company’s stock.

Institutional Investors Weigh In On Biglari

Several hedge funds and other institutional investors have recently made changes to their positions in BH. 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 buying an additional 869 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in Biglari by 40.4% during the 2nd quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock worth $296,000 after acquiring an additional 441 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Biglari by 4.6% in the 3rd 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 in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Biglari by 3.4% in the second 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. Finally, Innealta Capital LLC bought a new position in shares of Biglari during the second quarter valued at about $25,000. 74.30% of the stock is owned by institutional investors.

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.