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

Biglari Holdings Inc. (NYSE:BH)’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.

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:BH) 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

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.