Biglari (NYSE:BH) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Biglari Holdings Inc. (NYSE:BH) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $210.32 and traded as high as $218.85. Biglari shares last traded at $209.76, with a volume of 8,410 shares.

Analyst Upgrades and Downgrades

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

Biglari Stock Down 4.1 %

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 firm’s 50-day moving average price is $227.91 and its 200 day moving average price is $210.32. The firm has a market cap of $477.41 million, a P/E ratio of 1.19 and a beta of 0.69.

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

Institutional Trading of Biglari

Several large investors have recently added to or reduced their stakes in the business. Barclays PLC grew its stake in shares of Biglari by 78.6% in the third quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock worth $340,000 after purchasing an additional 869 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Biglari by 48.8% in the third 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 period. Ritholtz Wealth Management grew its position in Biglari by 17.0% in the 4th quarter. Ritholtz Wealth Management now owns 1,404 shares of the restaurant operator’s stock valued at $357,000 after buying an additional 204 shares in the last quarter. SG Americas Securities LLC acquired a new position in Biglari during the 4th quarter valued at about $115,000. Finally, Atticus Wealth Management LLC bought a new stake in shares of Biglari during the 4th quarter worth about $25,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

About Biglari

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.