Biglari (NYSE:BH) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Biglari Holdings Inc. (NYSE:BHGet Free Report)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $208.56 and traded as high as $217.98. Biglari shares last traded at $211.92, with a volume of 3,503 shares changing hands.

Wall Street Analyst Weigh In

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

Get Our Latest Research Report on Biglari

Biglari Stock Down 2.1 %

The stock has a market cap of $482.33 million, a price-to-earnings ratio of 1.20 and a beta of 0.69. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average of $229.10 and a two-hundred day moving average of $208.56.

Biglari (NYSE:BHGet Free Report) last issued its earnings results on Saturday, March 1st. The restaurant operator reported ($36.60) earnings per share for the quarter. Biglari had a net margin of 14.14% and a return on equity of 16.03%. The firm had revenue of $91.12 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atticus Wealth Management LLC acquired a new position in shares of Biglari during the fourth quarter worth about $25,000. Deutsche Bank AG acquired a new position in shares of Biglari during the fourth quarter worth about $44,000. Wells Fargo & Company MN lifted its stake in shares of Biglari by 28.2% during the fourth 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 acquired a new position in shares of Biglari during the fourth quarter worth about $115,000. Finally, MetLife Investment Management LLC acquired a new position in shares of Biglari during the fourth quarter worth about $117,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Biglari Company Profile

(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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