Biglari (NYSE:BH) Sets New 1-Year High – Still a Buy?

Shares of Biglari Holdings Inc. (NYSE:BH) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $465.73 and last traded at $462.2050, with a volume of 18313 shares traded. The stock had previously closed at $460.20.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Biglari from a “buy” rating to a “hold” rating in a report on Saturday, November 15th.

Biglari Stock Down 3.2%

The business has a 50 day simple moving average of $343.51 and a 200 day simple moving average of $329.06. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 39.80 and a beta of 0.81. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.83 and a quick ratio of 2.80.

Insiders Place Their Bets

In other Biglari news, CEO Sardar Biglari purchased 3,452 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were bought at an average cost of $463.34 per share, for a total transaction of $1,599,449.68. Following the completion of the purchase, the chief executive officer directly owned 1,335,713 shares of the company’s stock, valued at approximately $618,889,261.42. This trade represents a 0.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders bought 13,772 shares of company stock valued at $5,050,068. Insiders own 74.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Invesco Ltd. lifted its holdings in Biglari by 319.8% during the 3rd quarter. Invesco Ltd. now owns 40,443 shares of the restaurant operator’s stock worth $13,089,000 after buying an additional 30,810 shares in the last quarter. Two Sigma Investments LP increased its position in shares of Biglari by 162.8% during the third quarter. Two Sigma Investments LP now owns 11,563 shares of the restaurant operator’s stock worth $3,742,000 after acquiring an additional 7,163 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of Biglari in the third quarter valued at $2,094,000. JPMorgan Chase & Co. boosted its holdings in Biglari by 20.9% in the third quarter. JPMorgan Chase & Co. now owns 32,656 shares of the restaurant operator’s stock valued at $10,569,000 after purchasing an additional 5,650 shares during the period. Finally, Man Group plc purchased a new position in Biglari in the second quarter valued at $872,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Biglari Company Profile

Biglari Holdings Inc is a diversified holding company that makes strategic investments and operates businesses across multiple industries, with a primary focus on the restaurant, insurance and media sectors. The company seeks to acquire controlling interests in undervalued enterprises and enhance long-term value through active management and operational improvements. Headquartered in San Antonio, Texas, Biglari Holdings approaches each acquisition with a value-oriented philosophy, emphasizing disciplined capital allocation and hands-on oversight.

In the restaurant segment, Biglari Holdings owns and operates Steak ‘n Shake, a national burger and milkshake chain founded in 1934, as well as Western Sizzlin, a buffet and steakhouse brand.