Biglari (NYSE:BH) Sees Unusually-High Trading Volume – Time to Buy?

Biglari Holdings Inc. (NYSE:BH) saw strong 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.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of 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 50-day simple moving average of $216.57 and a 200 day simple moving average of $192.77. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.44. The firm has a market cap of $610.04 million, a PE ratio of 1.52 and a beta of 0.81.

Insider Buying and Selling

In other Biglari news, CEO Sardar Biglari purchased 817 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were acquired at an average cost of $366.99 per share, with a total value of $299,830.83. Following the completion of the acquisition, the chief executive officer now directly owns 1,319,993 shares in the company, valued at $484,424,231.07. The trade was a 0.06 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders bought 21,977 shares of company stock valued at $6,342,966. 71.40% of the stock is owned by corporate insiders.

Institutional Trading of Biglari

Several institutional investors have recently made changes to their positions in the business. Empowered Funds LLC grew its stake in Biglari by 4.6% during 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 in the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Biglari by 2.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock valued at $760,000 after purchasing an additional 88 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Biglari by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock valued at $764,000 after purchasing an additional 130 shares in the last quarter. Barclays PLC increased its holdings 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 during the last quarter. Finally, Ritholtz Wealth Management lifted its position 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 buying an additional 441 shares in the last quarter. Hedge funds and other institutional investors 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.