Biglari (NYSE:BH) Sees Unusually-High Trading Volume – Time to Buy?

Biglari Holdings Inc. (NYSE:BH) saw strong trading volume on Friday . 21,023 shares traded hands during trading, an increase of 38% from the previous session’s volume of 15,272 shares.The stock last traded at $362.3470 and had previously closed at $369.38.

Wall Street Analysts Forecast Growth

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

Biglari Price Performance

The stock has a 50 day simple moving average of $336.30 and a 200-day simple moving average of $295.54. The company has a current ratio of 1.38, a quick ratio of 1.35 and a debt-to-equity ratio of 0.16. The firm has a market cap of $803.59 million, a PE ratio of 2.41 and a beta of 0.81.

Biglari (NYSE:BH) last announced its quarterly 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 company had revenue of $100.62 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BH. JPMorgan Chase & Co. increased its position in Biglari by 20.9% during the 3rd 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. Nuveen LLC purchased a new position in Biglari in the 1st quarter worth $3,965,000. Bridgeway Capital Management LLC lifted its holdings in shares of Biglari by 4.1% during the second quarter. Bridgeway Capital Management LLC now owns 16,278 shares of the restaurant operator’s stock worth $4,757,000 after purchasing an additional 645 shares during the period. Peapod Lane Capital LLC boosted its holdings in shares of Biglari by 0.3% in the 2nd quarter. Peapod Lane Capital LLC now owns 13,876 shares of the restaurant operator’s stock valued at $4,055,000 after acquiring an additional 47 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Biglari by 5.0% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,626 shares of the restaurant operator’s stock worth $3,689,000 after buying an additional 597 shares during 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.