Biglari (NYSE:BH) Stock Jumps 13.2% – Still a Buy?

Biglari Holdings Inc. (NYSE:BH)’s share price rose 13.2% during mid-day trading on Monday. The company traded as high as $357.87 and last traded at $364.8480. 43,155 shares traded hands during trading, a decline of 60% from the average session volume of 108,387 shares. The stock had previously closed at $322.43.

Biglari Stock Up 4.1%

The company has a current ratio of 3.41, a quick ratio of 2.42 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $847.11 million, a P/E ratio of -4.29 and a beta of 0.67. The company’s fifty day simple moving average is $373.16 and its 200 day simple moving average is $355.24.

Biglari (NYSE:BH) last posted its earnings results on Friday, November 6th. The restaurant operator reported $3.91 EPS for the quarter. The firm had revenue of $112.07 million during the quarter. Biglari had a negative net margin of 5.61% and a positive return on equity of 4.73%.

Institutional Trading of Biglari

Several institutional investors and hedge funds have recently bought and sold shares of BH. Bank of America Corp DE grew its holdings 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 acquiring an additional 539 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Biglari during the second quarter valued at approximately $282,000. Swiss National Bank bought a new stake in shares of Biglari during the first quarter valued at approximately $475,000. Hsbc Holdings PLC purchased a new stake in Biglari in the fourth quarter worth $498,000. Finally, Engineers Gate Manager LP raised its holdings in Biglari by 869.7% in the second quarter. Engineers Gate Manager LP now owns 1,920 shares of the restaurant operator’s stock worth $818,000 after purchasing an additional 1,722 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

About Biglari

Biglari Holdings Inc. is a diversified holding company with businesses in restaurants, insurance, media, and investments. Its best-known operating business is Steak ‘n Shake, a restaurant chain serving burgers, fries, and milkshakes. The company also owns First Guard Insurance Company, which provides commercial trucking insurance, and Maxim, a lifestyle media brand. Through Biglari Capital Corp., it manages investment activities and allocates capital among its businesses and other investments. Biglari Holdings traces its roots to Steak ‘n Shake, founded in 1934, and adopted its current name in 2010.