Biglari (NYSE:BH) Shares Down 6.3% – What’s Next?

Biglari Holdings Inc. (NYSE:BH)’s stock price traded down 6.3% on Tuesday . The stock traded as low as $229.74 and last traded at $232.53. 11,079 shares were traded during mid-day trading, a decline of 28% from the average session volume of 15,378 shares. The stock had previously closed at $248.17.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Biglari from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 24th.

Biglari Price Performance

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 stock’s 50-day moving average is $219.79 and its two-hundred day moving average is $193.85. The stock has a market cap of $541.12 million, a PE ratio of 1.35 and a beta of 0.73.

Insider Activity at Biglari

In related news, CEO Sardar Biglari bought 384 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average cost of $207.95 per share, with a total value of $79,852.80. Following the purchase, the chief executive officer now directly owns 1,309,161 shares of the company’s stock, valued at $272,240,029.95. This trade represents a 0.03 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders bought 21,977 shares of company stock worth $6,342,966 in the last three months. 71.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Empowered Funds LLC increased its position in Biglari by 4.6% during the third quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator’s stock worth $1,568,000 after buying an additional 402 shares during the period. Los Angeles Capital Management LLC increased its holdings in shares of Biglari by 2.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock valued at $760,000 after acquiring an additional 88 shares during the period. Bank of New York Mellon Corp raised its position in Biglari by 3.4% in the 2nd 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. Barclays PLC raised its position in Biglari by 78.6% in the 3rd quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock valued at $340,000 after purchasing an additional 869 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Biglari by 48.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock worth $145,000 after purchasing an additional 277 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

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.