Biglari (NYSE:BH) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Biglari Holdings Inc. (NYSE:BH)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $213.14 and traded as high as $213.36. Biglari shares last traded at $202.76, with a volume of 3,331 shares changing hands.

Analyst Upgrades and Downgrades

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

Biglari Price Performance

The company has a market cap of $461.48 million, a price-to-earnings ratio of 1.15 and a beta of 0.75. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $225.32 and a 200 day moving average price of $213.14.

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

Hedge Funds Weigh In On Biglari

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. acquired a new position in shares of Biglari in the 4th quarter valued at about $4,019,000. JPMorgan Chase & Co. grew its position in Biglari by 1,809.5% during the fourth quarter. JPMorgan Chase & Co. now owns 16,135 shares of the restaurant operator’s stock valued at $4,103,000 after purchasing an additional 15,290 shares in the last quarter. Peapod Lane Capital LLC acquired a new position in Biglari in the 4th quarter valued at approximately $3,705,000. Allspring Global Investments Holdings LLC purchased a new stake in Biglari in the 4th quarter worth approximately $680,000. Finally, Bailard Inc. purchased a new stake in Biglari in the 4th quarter worth approximately $307,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

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.