Biglari (NYSE:BH) Shares Up 13.2% – Should You Buy?

Shares of Biglari Holdings Inc. (NYSE:BH) were up 13.2% during trading on Monday. The stock 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 Performance

The stock’s 50-day moving average price is $373.99 and its 200 day moving average price is $356.34. The company has a quick ratio of 2.42, a current ratio of 2.45 and a debt-to-equity ratio of 0.58. The company has a market cap of $830.42 million, a P/E ratio of -4.15 and a beta of 0.67.

Biglari (NYSE:BH) last posted its quarterly earnings data on Friday, November 6th. The restaurant operator reported $3.91 earnings per share (EPS) for the quarter. Biglari had a negative net margin of 5.61% and a positive return on equity of 4.88%. The business had revenue of $112.07 million during the quarter.

Institutional Investors Weigh In On Biglari

A number of hedge funds have recently bought and sold shares of BH. Engineers Gate Manager LP boosted its stake in Biglari by 869.7% during the 2nd quarter. Engineers Gate Manager LP now owns 1,920 shares of the restaurant operator’s stock valued at $818,000 after purchasing an additional 1,722 shares during the period. Hsbc Holdings PLC acquired a new stake in Biglari in the 4th quarter valued at approximately $498,000. Swiss National Bank acquired a new stake in Biglari in the 1st quarter valued at approximately $475,000. Bank of America Corp DE increased its position in Biglari by 72.1% in the 1st quarter. Bank of America Corp DE now owns 1,287 shares of the restaurant operator’s stock worth $424,000 after buying an additional 539 shares during the period. Finally, Squarepoint Ops LLC bought a new position in Biglari in the 2nd quarter worth approximately $282,000. 74.30% of the stock is currently owned by institutional investors.

Biglari Company Profile

Biglari Holdings Inc is a diversified holding company that owns and operates businesses in the restaurant, insurance, media and investment-management industries. The company is best known for its ownership of Steak ‘n Shake, a casual dining restaurant chain specializing in steakburgers, fries and milkshakes, and Western Sizzlin, a steakhouse and buffet restaurant business.

Through its insurance operations, Biglari Holdings provides commercial trucking coverage and related property and casualty insurance products.