Biglari (NYSE:BH) Share Price Passes Above 200-Day Moving Average – What’s Next?

Biglari Holdings Inc. (NYSE:BH) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $272.41 and traded as high as $336.64. Biglari shares last traded at $335.83, with a volume of 18,982 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Biglari from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 13th.

Biglari Stock Up 1.6%

The business has a 50-day simple moving average of $308.18 and a two-hundred day simple moving average of $272.41. The company has a market capitalization of $765.69 million, a price-to-earnings ratio of 2.29 and a beta of 0.80. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.35 and a current ratio of 1.38.

Biglari (NYSE:BH) last released its quarterly earnings results on Friday, August 8th. The restaurant operator reported $9.17 EPS for the quarter. Biglari had a return on equity of 5.28% and a net margin of 10.48%.The business had revenue of $100.62 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Cerity Partners LLC purchased a new position in Biglari during the first quarter worth about $453,000. GAMMA Investing LLC increased its position in Biglari by 17,220.0% during the 1st quarter. GAMMA Investing LLC now owns 866 shares of the restaurant operator’s stock worth $188,000 after purchasing an additional 861 shares during the period. Ritholtz Wealth Management raised its stake in shares of Biglari by 131.5% during the 1st quarter. Ritholtz Wealth Management now owns 3,250 shares of the restaurant operator’s stock worth $704,000 after buying an additional 1,846 shares in the last quarter. Strs Ohio acquired a new stake in shares of Biglari in the 1st quarter valued at approximately $498,000. Finally, Deutsche Bank AG boosted its stake in shares of Biglari by 111.6% in the first quarter. Deutsche Bank AG now owns 364 shares of the restaurant operator’s stock valued at $79,000 after buying an additional 192 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

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.