Biglari (NYSE:BH) Share Price Crosses Above 200-Day Moving Average of $99.18

Biglari Holdings Inc (NYSE:BH)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $99.18 and traded as high as $111.48. Biglari shares last traded at $109.80, with a volume of 366 shares trading hands.

The business has a 50-day simple moving average of $97.89 and a two-hundred day simple moving average of $99.18. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.57 and a quick ratio of 0.54.

Biglari (NYSE:BH) last announced its quarterly earnings results on Friday, November 1st. The restaurant operator reported ($0.05) earnings per share for the quarter. Biglari had a net margin of 10.52% and a return on equity of 12.60%. The company had revenue of $160.22 million during the quarter.

In other Biglari news, CEO Sardar Biglari bought 1,971 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were bought at an average price of $107.10 per share, for a total transaction of $211,094.10. Insiders have bought 6,213 shares of company stock worth $2,654,667 in the last 90 days. Company insiders own 57.59% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Strs Ohio lifted its stake in shares of Biglari by 46.7% during the third quarter. Strs Ohio now owns 2,200 shares of the restaurant operator’s stock valued at $239,000 after acquiring an additional 700 shares during the period. Meeder Asset Management Inc. lifted its stake in Biglari by 213.1% in the third quarter. Meeder Asset Management Inc. now owns 479 shares of the restaurant operator’s stock valued at $52,000 after buying an additional 326 shares during the period. Citadel Advisors LLC lifted its stake in Biglari by 134.7% in the second quarter. Citadel Advisors LLC now owns 6,090 shares of the restaurant operator’s stock valued at $632,000 after buying an additional 3,495 shares during the period. Renaissance Technologies LLC lifted its stake in Biglari by 62.5% in the second quarter. Renaissance Technologies LLC now owns 28,262 shares of the restaurant operator’s stock valued at $2,935,000 after buying an additional 10,865 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Biglari by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 5,732 shares of the restaurant operator’s stock valued at $595,000 after buying an additional 214 shares during the period.

About Biglari (NYSE:BH)

Biglari Holdings Inc, through its subsidiaries, primarily operates and franchises restaurants in the United States. The company owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. As of December 31, 2018, it operated 413 Steak n Shake company-operated restaurants and 213 franchised units; and 4 Western Sizzlin company-operated restaurants and 55 franchised units.

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