Biglari (NYSE:BH) Shares Gap Up – Should You Buy?

Biglari Holdings Inc. (NYSE:BH) gapped up prior to trading on Friday . The stock had previously closed at $323.67, but opened at $340.40. Biglari shares last traded at $345.7440, with a volume of 1,231 shares trading hands.

Wall Street Analysts Forecast Growth

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 has a market cap of $796.31 million, a PE ratio of 31.04 and a beta of 0.82. The company has a quick ratio of 2.80, a current ratio of 2.83 and a debt-to-equity ratio of 0.54. The firm has a 50 day simple moving average of $332.82 and a 200-day simple moving average of $311.33.

Insider Transactions at Biglari

In other Biglari news, CEO Sardar Biglari purchased 3,452 shares of Biglari stock in a transaction dated Wednesday, December 17th. The shares were acquired at an average cost of $463.34 per share, with a total value of $1,599,449.68. Following the completion of the transaction, the chief executive officer owned 1,335,713 shares in the company, valued at approximately $618,889,261.42. This trade represents a 0.26% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have acquired 13,772 shares of company stock valued at $5,050,068 over the last 90 days. 71.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Biglari

Several hedge funds have recently modified their holdings of the stock. Strs Ohio acquired a new stake in shares of Biglari during the first quarter worth about $498,000. Deutsche Bank AG grew its stake in Biglari by 111.6% during the 1st quarter. Deutsche Bank AG now owns 364 shares of the restaurant operator’s stock worth $79,000 after buying an additional 192 shares during the last quarter. AXQ Capital LP purchased a new position in Biglari during the 2nd quarter worth approximately $249,000. AlphaQuest LLC acquired a new position in Biglari during the second quarter worth approximately $152,000. Finally, Nuveen LLC purchased a new stake in Biglari in the first quarter valued at approximately $3,965,000. 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 makes strategic investments and operates businesses across multiple industries, with a primary focus on the restaurant, insurance and media sectors. The company seeks to acquire controlling interests in undervalued enterprises and enhance long-term value through active management and operational improvements. Headquartered in San Antonio, Texas, Biglari Holdings approaches each acquisition with a value-oriented philosophy, emphasizing disciplined capital allocation and hands-on oversight.

In the restaurant segment, Biglari Holdings owns and operates Steak ‘n Shake, a national burger and milkshake chain founded in 1934, as well as Western Sizzlin, a buffet and steakhouse brand.