Biglari (NYSE:BH) Lowered to Hold at downgraded shares of Biglari (NYSE:BHFree Report) from a buy rating to a hold rating in a report released on Wednesday morning.

Separately, TheStreet lowered Biglari from a b- rating to a c rating in a research report on Friday, November 3rd.

View Our Latest Stock Analysis on BH

Biglari Stock Performance

Shares of BH stock opened at $154.45 on Wednesday. The business’s fifty day moving average is $159.50 and its 200-day moving average is $167.42. Biglari has a 1 year low of $137.01 and a 1 year high of $218.50. The stock has a market cap of $352.15 million, a PE ratio of 2.33 and a beta of 0.75.

Biglari (NYSE:BHGet Free Report) last announced its quarterly earnings data on Friday, November 3rd. The restaurant operator reported ($195.55) earnings per share (EPS) for the quarter. The business had revenue of $90.94 million during the quarter. Biglari had a return on equity of 3.47% and a net margin of 5.46%.

Insiders Place Their Bets

In other Biglari news, CEO Sardar Biglari bought 1,429 shares of Biglari stock in a transaction dated Wednesday, December 13th. The stock was bought at an average price of $240.41 per share, for a total transaction of $343,545.89. Following the completion of the acquisition, the chief executive officer now directly owns 1,264,887 shares of the company’s stock, valued at $304,091,483.67. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders have bought 6,511 shares of company stock worth $1,488,201. Corporate insiders own 70.90% of the company’s stock.

Hedge Funds Weigh In On Biglari

A number of large investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership purchased a new stake in Biglari in the 1st quarter worth approximately $1,143,000. EA Series Trust purchased a new stake in shares of Biglari during the second quarter worth $1,301,000. Goldman Sachs Group Inc. acquired a new stake in Biglari during the first quarter valued at $733,000. Rathbones Group PLC acquired a new position in Biglari in the 3rd quarter worth about $382,000. Finally, Nuveen Asset Management LLC raised its stake in shares of Biglari by 15.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 15,451 shares of the restaurant operator’s stock worth $3,046,000 after purchasing an additional 2,018 shares in the last quarter. Institutional investors and hedge funds own 73.71% of the company’s stock.

About Biglari

(Get Free Report)

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.

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