Biglari (NYSE:BH) Stock Price Passes Above 200-Day Moving Average of $160.76

Shares of Biglari Holdings Inc. (NYSE:BH) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $160.76 and traded as high as $171.37. Biglari shares last traded at $168.70, with a volume of 1,831 shares.

Separately, TheStreet raised shares of Biglari from a “c” rating to a “b-” rating in a research note on Wednesday, August 4th.

The business’s 50 day moving average price is $169.78 and its 200-day moving average price is $160.80. The firm has a market capitalization of $376.59 million and a PE ratio of 0.51.

Biglari (NYSE:BH) last announced its earnings results on Friday, August 6th. The restaurant operator reported ($64.04) EPS for the quarter. The firm had revenue of $90.79 million for the quarter. Biglari had a net margin of 28.04% and a return on equity of 18.41%.

In other news, CEO Sardar Biglari bought 13,755 shares of Biglari stock in a transaction that occurred on Thursday, August 12th. The shares were purchased at an average price of $212.94 per share, with a total value of $2,928,989.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 63.40% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new position in Biglari in the second quarter valued at $32,000. Russell Investments Group Ltd. lifted its position in Biglari by 50.8% during the 1st quarter. Russell Investments Group Ltd. now owns 890 shares of the restaurant operator’s stock worth $118,000 after acquiring an additional 300 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Biglari by 29.5% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 864 shares of the restaurant operator’s stock worth $138,000 after acquiring an additional 197 shares during the period. Susquehanna International Group LLP purchased a new position in shares of Biglari in the 2nd quarter valued at approximately $214,000. Finally, Rhumbline Advisers acquired a new position in shares of Biglari in the first quarter valued at approximately $218,000.

Biglari Company Profile (NYSE:BH)

Biglari Holdings, Inc engages in diverse business such as property and casualty insurance, media and licensing, restaurants, and oil and gas. It operates through the following segments: Restaurant Operations, Insurance, Southern Oil, and Maxim. The Restaurant Operations segment operations include Steak n Shake and Western Sizzlin.

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