Biglari (NYSE:BH) Shares Cross Above 200-Day Moving Average – Time to Sell?

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 $277.43 and traded as high as $361.06. Biglari shares last traded at $356.59, with a volume of 14,978 shares.

Analysts Set New Price Targets

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 Trading Up 1.8%

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.38 and a quick ratio of 1.35. The company’s fifty day moving average is $313.39 and its 200-day moving average is $277.43. The stock has a market cap of $813.03 million, a PE ratio of 2.44 and a beta of 0.80.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BH. Police & Firemen s Retirement System of New Jersey increased its holdings in Biglari by 41.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 171 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 50 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in Biglari in the first quarter valued at $64,000. Deutsche Bank AG increased its holdings in 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. Bartlett & CO. Wealth Management LLC purchased a new position in Biglari in the first quarter valued at $109,000. Finally, BNP Paribas Financial Markets increased its holdings in Biglari by 863.6% in the second quarter. BNP Paribas Financial Markets now owns 424 shares of the restaurant operator’s stock valued at $124,000 after buying an additional 380 shares in the last quarter. Hedge funds and other 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.