Biglari (NYSE:BH) Sees Strong Trading Volume – Still a Buy?

Biglari Holdings Inc. (NYSE:BH) shares saw an uptick in trading volume on Friday . 11,574 shares were traded during trading, an increase of 88% from the previous session’s volume of 6,164 shares.The stock last traded at $250.51 and had previously closed at $249.96.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Biglari from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 24th.

Biglari Stock Performance

The business has a fifty day moving average of $216.57 and a 200 day moving average of $192.77. The company has a market cap of $610.04 million, a P/E ratio of 1.52 and a beta of 0.81. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

Insider Activity at Biglari

In related news, CEO Sardar Biglari bought 4,994 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were acquired at an average cost of $247.33 per share, with a total value of $1,235,166.02. Following the completion of the acquisition, the chief executive officer now owns 1,281,750 shares of the company’s stock, valued at $317,015,227.50. The trade was a 0.39 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired a total of 21,977 shares of company stock valued at $6,342,966 in the last three months. Company insiders own 71.40% of the company’s stock.

Institutional Investors Weigh In On Biglari

Several institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp grew its position in Biglari by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock worth $764,000 after purchasing an additional 130 shares during the period. Ritholtz Wealth Management grew its holdings in shares of Biglari by 40.4% in the second quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock worth $296,000 after acquiring an additional 441 shares during the period. Los Angeles Capital Management LLC increased its position in Biglari by 2.0% during the third quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock valued at $760,000 after acquiring an additional 88 shares during the last quarter. Empowered Funds LLC lifted its holdings in Biglari by 4.6% in the third quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator’s stock valued at $1,568,000 after acquiring an additional 402 shares during the period. Finally, Barclays PLC boosted its position in 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 during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

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.