Biglari (NYSE:BH) Stock Price Up 4.8% – Time to Buy?

Biglari Holdings Inc. (NYSE:BH) was up 4.8% during mid-day trading on Thursday . The stock traded as high as $221.94 and last traded at $221.56. Approximately 3,367 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 4,556 shares. The stock had previously closed at $211.40.

Analysts Set New Price Targets

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

Biglari Stock Up 6.6 %

The stock has a fifty day moving average of $227.72 and a 200 day moving average of $210.33. 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 capitalization of $512.67 million, a P/E ratio of 1.28 and a beta of 0.69.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC grew its stake in Biglari by 78.6% in the 3rd quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock valued at $340,000 after buying an additional 869 shares in the last quarter. Rhumbline Advisers increased its position in shares of Biglari by 10.0% in the fourth quarter. Rhumbline Advisers now owns 1,139 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 104 shares during the last quarter. Peapod Lane Capital LLC purchased a new stake in Biglari in the fourth quarter valued at approximately $3,705,000. SG Americas Securities LLC purchased a new position in Biglari in the 4th quarter worth approximately $115,000. Finally, JPMorgan Chase & Co. raised its position in shares of Biglari by 48.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock valued at $145,000 after buying an additional 277 shares in the last quarter. Institutional investors 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.