Biglari (NYSE:BH) Sees Large Volume Increase – Here’s What Happened

Shares of Biglari Holdings Inc. (NYSE:BH) saw unusually-high trading volume on Monday . Approximately 53,707 shares were traded during trading, an increase of 118% from the previous session’s volume of 24,683 shares.The stock last traded at $325.8750 and had previously closed at $331.36.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Biglari from a “buy” rating to a “hold” rating in a report on Saturday, November 15th.

Biglari Price Performance

The company’s 50-day moving average is $333.83 and its 200-day moving average is $309.98. The firm has a market cap of $745.59 million, a price-to-earnings ratio of 29.22 and a beta of 0.83. The company has a current ratio of 2.83, a quick ratio of 2.80 and a debt-to-equity ratio of 0.54.

Insider Activity

In other Biglari news, CEO Sardar Biglari purchased 2,802 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was bought at an average price of $303.32 per share, with a total value of $849,902.64. Following the acquisition, the chief executive officer owned 1,327,203 shares of the company’s stock, valued at approximately $402,567,213.96. This represents a 0.21% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders acquired 9,659 shares of company stock valued at $3,153,061. Company insiders own 74.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BH. Peapod Lane Capital LLC raised its position in Biglari by 0.3% in the second quarter. Peapod Lane Capital LLC now owns 13,876 shares of the restaurant operator’s stock valued at $4,055,000 after purchasing an additional 47 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in shares of Biglari by 41.3% in 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 buying an additional 50 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Biglari by 128.2% in the third quarter. Jones Financial Companies Lllp now owns 89 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 50 shares during the period. CWM LLC raised its holdings in Biglari by 148.7% in the 3rd quarter. CWM LLC now owns 97 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 58 shares during the last quarter. Finally, Occudo Quantitative Strategies LP boosted its position in Biglari by 6.9% during the 3rd quarter. Occudo Quantitative Strategies LP now owns 1,011 shares of the restaurant operator’s stock worth $327,000 after buying an additional 65 shares during the period. Institutional investors own 74.30% of the company’s stock.

About Biglari

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.