Biglari (NYSE:BH) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Biglari Holdings Inc. (NYSE:BH) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $208.56 and traded as high as $217.98. Biglari shares last traded at $211.92, with a volume of 3,503 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Biglari from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th.

Biglari Stock Performance

The stock has a market capitalization of $503.03 million, a PE ratio of 1.25 and a beta of 0.69. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average of $228.56 and a 200-day moving average of $208.77.

Biglari (NYSE:BH) last announced its quarterly earnings data on Saturday, March 1st. The restaurant operator reported ($36.60) earnings per share (EPS) for the quarter. Biglari had a net margin of 14.14% and a return on equity of 16.03%. The company had revenue of $91.12 million during the quarter.

Institutional Investors Weigh In On Biglari

Large investors have recently modified their holdings of the company. Nuveen Asset Management LLC lifted its position in shares of Biglari by 1.0% during the 4th quarter. Nuveen Asset Management LLC now owns 16,821 shares of the restaurant operator’s stock worth $4,277,000 after purchasing an additional 164 shares during the last quarter. Ethic Inc. acquired a new stake in Biglari in the fourth quarter valued at $205,000. Deutsche Bank AG purchased a new stake in Biglari during the 4th quarter worth about $44,000. Bridgeway Capital Management LLC boosted its position in shares of Biglari by 1.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 15,468 shares of the restaurant operator’s stock worth $3,933,000 after acquiring an additional 150 shares in the last quarter. Finally, MetLife Investment Management LLC purchased a new position in shares of Biglari in the 4th quarter valued at about $117,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

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.