Biglari (NYSE:BH) Stock Breaks 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 Tuesday. The stock has a two hundred day moving average of $351.61 and traded as high as $459.89. Biglari shares last traded at $443.0660, with a volume of 130,220 shares changing hands.

Biglari Trading Down 4.5%

The business has a 50-day moving average of $376.28 and a 200 day moving average of $352.63. The stock has a market cap of $922.03 million, a PE ratio of -3.62 and a beta of 0.64. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.42 and a current ratio of 2.45.

Biglari (NYSE:BH) last released its earnings results on Friday, August 7th. The restaurant operator reported $158.17 earnings per share (EPS) for the quarter. Biglari had a negative net margin of 7.33% and a positive return on equity of 5.70%. The company had revenue of $108.52 million for the quarter.

Insider Buying and Selling at Biglari

In related news, major shareholder Sardar Biglari sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $16.90, for a total transaction of $1,352,000.00. Following the transaction, the insider owned 66,422 shares of the company’s stock, valued at approximately $1,122,531.80. This represents a 54.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 108,257 shares of company stock valued at $1,824,954 over the last ninety days. Insiders own 68.53% of the company’s stock.

Institutional Trading of Biglari

A number of hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC acquired a new position in Biglari in the 2nd quarter valued at $282,000. Bank of America Corp DE lifted its stake in shares of Biglari by 72.1% during the 1st quarter. Bank of America Corp DE now owns 1,287 shares of the restaurant operator’s stock worth $424,000 after purchasing an additional 539 shares during the period. Swiss National Bank purchased a new position in shares of Biglari during the 1st quarter worth $475,000. Hsbc Holdings PLC acquired a new stake in shares of Biglari during the fourth quarter worth $498,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Biglari during the first quarter worth $500,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Biglari Company Profile

Biglari Holdings Inc is a diversified holding company that owns and operates businesses in the restaurant, insurance, media and investment-management industries. The company is best known for its ownership of Steak ‘n Shake, a casual dining restaurant chain specializing in steakburgers, fries and milkshakes, and Western Sizzlin, a steakhouse and buffet restaurant business.

Through its insurance operations, Biglari Holdings provides commercial trucking coverage and related property and casualty insurance products.