Biglari (NYSE:BH) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Biglari (NYSE:BH) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday morning.

Biglari Stock Performance

Shares of Biglari stock opened at $220.34 on Wednesday. The firm has a market cap of $502.38 million, a P/E ratio of 1.25 and a beta of 0.73. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17. Biglari has a 12 month low of $145.95 and a 12 month high of $271.35. The stock’s fifty day moving average price is $226.87 and its 200-day moving average price is $195.60.

Insider Activity

In related news, CEO Sardar Biglari acquired 4,994 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were bought at an average price of $247.33 per share, with a total value of $1,235,166.02. Following the completion of the transaction, the chief executive officer now directly owns 1,281,750 shares in the company, valued at $317,015,227.50. This trade represents a 0.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have bought 21,977 shares of company stock worth $6,342,966. Company insiders own 71.40% of the company’s stock.

Institutional Investors Weigh In On Biglari

A number of institutional investors have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management boosted its position in Biglari by 17.0% during the fourth quarter. Ritholtz Wealth Management now owns 1,404 shares of the restaurant operator’s stock valued at $357,000 after purchasing an additional 204 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Biglari by 48.8% in the third quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock worth $145,000 after acquiring an additional 277 shares in the last quarter. Barclays PLC boosted its holdings in Biglari by 78.6% in 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 in the last quarter. Empowered Funds LLC boosted its holdings in Biglari by 4.6% in the third 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. Finally, Los Angeles Capital Management LLC boosted its holdings in Biglari by 2.0% in the third quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock worth $760,000 after acquiring an additional 88 shares in the last quarter. 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.