Ferrari N.V. $RACE is Biglari Capital CORP.’s 2nd Largest Position

Biglari Capital CORP. increased its holdings in shares of Ferrari N.V. (NYSE:RACE) by 20.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,500 shares of the company’s stock after buying an additional 31,000 shares during the quarter. Ferrari accounts for approximately 10.5% of Biglari Capital CORP.’s holdings, making the stock its 2nd biggest position. Biglari Capital CORP.’s holdings in Ferrari were worth $90,542,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of RACE. Callan Family Office LLC grew its stake in Ferrari by 58.5% during the 2nd quarter. Callan Family Office LLC now owns 4,378 shares of the company’s stock valued at $2,148,000 after acquiring an additional 1,615 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Ferrari by 1.1% in the second quarter. TD Asset Management Inc now owns 415,850 shares of the company’s stock worth $203,677,000 after purchasing an additional 4,434 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Ferrari by 26.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,599 shares of the company’s stock worth $5,205,000 after purchasing an additional 2,220 shares during the period. Rheos Capital Works Inc. grew its position in Ferrari by 14.1% during the second quarter. Rheos Capital Works Inc. now owns 161,700 shares of the company’s stock valued at $79,353,000 after purchasing an additional 20,000 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. purchased a new position in Ferrari during the second quarter valued at approximately $640,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on RACE shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ferrari in a research report on Monday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Ferrari in a research note on Thursday. Berenberg Bank set a $570.00 price objective on Ferrari in a report on Friday, October 3rd. Citigroup lowered their target price on Ferrari from $579.00 to $529.00 and set a “buy” rating on the stock in a research note on Thursday, October 16th. Finally, Oddo Bhf lowered Ferrari to a “neutral” rating in a research report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $489.47.

Ferrari Trading Down 0.3%

Shares of NYSE:RACE opened at $366.91 on Friday. The stock has a market capitalization of $88.93 billion, a PE ratio of 37.06, a P/E/G ratio of 4.07 and a beta of 1.01. Ferrari N.V. has a 1 year low of $356.93 and a 1 year high of $519.10. The firm has a fifty day moving average price of $400.24 and a 200 day moving average price of $451.45. The company has a current ratio of 4.90, a quick ratio of 3.78 and a debt-to-equity ratio of 0.76.

Ferrari (NYSE:RACE) last posted its earnings results on Tuesday, November 4th. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.15. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.94 billion. Ferrari had a return on equity of 44.20% and a net margin of 22.65%.Ferrari has set its FY 2025 guidance at 10.290- EPS. Analysts expect that Ferrari N.V. will post 9.22 EPS for the current fiscal year.

Ferrari Profile

Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods.