Biglari Holdings Inc. (NYSE:BH – Get 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 %
Biglari (NYSE:BH – Get 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
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.
Read More
- Five stocks we like better than Biglari
- 3 Healthcare Dividend Stocks to Buy
- Can TikTok Stock Picks Really Make You Rich?
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- The “Quality” Rotation: Back to Basics Investing
- There Are Different Types of Stock To Invest In
- Occidental Petroleum: 4 Reasons to Love These Prices
Receive News & Ratings for Biglari Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Biglari and related companies with MarketBeat.com's FREE daily email newsletter.