Biglari (NYSE:BH) Sees Unusually-High Trading Volume – What’s Next?

Shares of Biglari Holdings Inc. (NYSE:BH) saw strong trading volume on Friday . 21,023 shares were traded during mid-day 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.

Analyst Ratings Changes

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 Stock Down 2.4%

The stock has a fifty day moving average price of $336.30 and a two-hundred day moving average price of $295.54. The company has a market cap of $803.59 million, a price-to-earnings ratio of 2.41 and a beta of 0.81. The company has a quick ratio of 1.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.16.

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

Institutional Investors Weigh In On Biglari

Several large investors have recently modified their holdings of BH. Jones Financial Companies Lllp lifted its position in Biglari by 128.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 89 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 50 shares in the last quarter. CWM LLC raised its position in shares of Biglari by 148.7% in the third quarter. CWM LLC now owns 97 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 58 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Biglari in the third quarter valued at approximately $34,000. State of Alaska Department of Revenue bought a new stake in shares of Biglari during the 3rd quarter worth $51,000. Finally, Police & Firemen s Retirement System of New Jersey grew its position in Biglari by 41.3% during 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 acquiring an additional 50 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Biglari Company Profile

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.