Biglari (NYSE:BH) Trading 4.8% Higher – What’s Next?

Biglari Holdings Inc. (NYSE:BH)’s share price rose 4.8% during trading on Thursday . The stock traded as high as $221.94 and last traded at $221.56. Approximately 3,367 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 4,556 shares. The stock had previously closed at $211.40.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Biglari from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th.

Biglari Trading Down 3.3 %

The company has a market cap of $493.02 million, a P/E ratio of 1.23 and a beta of 0.69. The firm’s 50 day moving average is $227.86 and its two-hundred day moving average is $210.77. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Atticus Wealth Management LLC bought a new position in Biglari during the fourth quarter worth $25,000. Deutsche Bank AG acquired a new position in shares of Biglari during the fourth quarter valued at about $44,000. Wells Fargo & Company MN boosted its position in shares of Biglari by 28.2% during the 4th quarter. Wells Fargo & Company MN now owns 427 shares of the restaurant operator’s stock worth $109,000 after purchasing an additional 94 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Biglari during the 4th quarter worth about $115,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of Biglari in the 4th quarter valued at about $117,000. 74.30% of the stock is owned by institutional investors.

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.