Biglari (NYSE:BH) Hits New 1-Year High – Should You Buy?

Biglari Holdings Inc. (NYSE:BH)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $272.15 and last traded at $267.22, with a volume of 463 shares traded. The stock had previously closed at $267.07.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Biglari from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th.

Biglari Stock Performance

The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $585.53 million, a price-to-earnings ratio of 1.46 and a beta of 0.74. The stock’s fifty day simple moving average is $234.60 and its 200-day simple moving average is $231.52.

Biglari (NYSE:BH) last announced its quarterly earnings data on Friday, May 9th. The restaurant operator reported $23.37 earnings per share (EPS) for the quarter. The business had revenue of $95.04 million for the quarter. Biglari had a return on equity of 16.03% and a net margin of 14.14%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Deutsche Bank AG acquired a new position in Biglari in the fourth quarter valued at $44,000. Jones Financial Companies Lllp purchased a new stake in shares of Biglari in the first quarter valued at approximately $64,000. Wells Fargo & Company MN grew its stake in shares of Biglari by 28.2% during the 4th quarter. Wells Fargo & Company MN now owns 427 shares of the restaurant operator’s stock worth $109,000 after purchasing an additional 94 shares during the period. SG Americas Securities LLC purchased a new position in Biglari in the fourth quarter valued at about $115,000. Finally, MetLife Investment Management LLC acquired a new position in Biglari during the fourth quarter worth $117,000. 74.30% of the stock is owned by institutional investors and hedge funds.

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.