Biglari (NYSE:BH) Stock Breaks Above 200-Day Moving Average – What’s Next?

Biglari Holdings Inc. (NYSE:BH) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $343.57 and traded as high as $350.76. Biglari shares last traded at $342.9660, with a volume of 56,471 shares.

Biglari Price Performance

The company has a debt-to-equity ratio of 0.58, a current ratio of 2.45 and a quick ratio of 2.42. The firm’s 50 day moving average is $375.22 and its 200 day moving average is $343.74. The firm has a market cap of $792.72 million, a P/E ratio of -3.12 and a beta of 0.63.

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

Insider Activity at Biglari

In other news, major shareholder Sardar Biglari sold 80,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider owned 66,422 shares of the company’s stock, valued at $1,122,531.80. This represents a 54.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 203,782 shares of company stock valued at $3,425,427 over the last three months. Insiders own 68.53% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Strs Ohio increased its stake in Biglari by 5.6% in the 1st quarter. Strs Ohio now owns 1,900 shares of the restaurant operator’s stock worth $626,000 after buying an additional 100 shares in the last quarter. Bank of America Corp DE grew its position in shares of Biglari by 72.1% during the first 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 in the last quarter. Squarepoint Ops LLC bought a new stake in Biglari during the 2nd quarter valued at approximately $282,000. Saber Capital Managment LLC purchased a new position in Biglari in the 4th quarter worth approximately $404,000. Finally, Swiss National Bank bought a new position in Biglari in the 1st quarter worth approximately $475,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Biglari Company Profile

Biglari Holdings Inc (NYSE:BH) is a diversified holding company headquartered in San Antonio, Texas. The company owns and operates businesses in the restaurant, insurance, media and investment sectors, with its operations managed through subsidiaries and affiliated entities.

Its principal operating business is Steak ‘n Shake, a restaurant chain known for steakburgers, french fries and milkshakes. Steak ‘n Shake serves customers through company-operated and franchised locations, primarily in the United States.