Biglari (NYSE:BH) Sees Large Volume Increase – What’s Next?

Shares of Biglari Holdings Inc. (NYSE:BH) saw strong trading volume on Monday . 5,448 shares traded hands during mid-day trading, an increase of 50% from the previous session’s volume of 3,643 shares.The stock last traded at $251.25 and had previously closed at $250.68.

Analyst Ratings Changes

Separately, StockNews.com downgraded Biglari from a “strong-buy” rating to a “buy” rating in a report on Tuesday.

Biglari Stock Performance

The company has a 50-day moving average of $204.39 and a 200 day moving average of $189.45. The firm has a market capitalization of $602.12 million, a PE ratio of 1.50 and a beta of 0.81. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

Insider Transactions at Biglari

In other Biglari news, CEO Sardar Biglari acquired 4,663 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average cost of $328.48 per share, with a total value of $1,531,702.24. Following the completion of the transaction, the chief executive officer now directly owns 1,292,670 shares of the company’s stock, valued at approximately $424,616,241.60. This represents a 0.36 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have purchased 21,977 shares of company stock worth $6,342,966. Company insiders own 71.40% of the company’s stock.

Hedge Funds Weigh In On Biglari

Several institutional investors have recently added to or reduced their stakes in BH. Bank of New York Mellon Corp lifted its position in 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 worth $764,000 after buying an additional 130 shares during the last quarter. Innealta Capital LLC purchased a new stake in Biglari in the second quarter worth $25,000. Ritholtz Wealth Management boosted its stake 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 purchasing an additional 441 shares during the period. Los Angeles Capital Management LLC increased 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 buying an additional 88 shares during the period. Finally, Empowered Funds LLC grew its stake in 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. Hedge funds and other institutional investors own 74.30% of the company’s stock.

About Biglari

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.