Biglari Rating Downgrade by StockNews.com

Biglari Holdings Inc. (NYSE: BH) has been downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report issued on Friday.

Overview of Biglari's Stock Performance

On Friday, Biglari's stock saw an increase of $3.78 during trading hours, reaching $225.83. The trading volume for BH stock was 4,688 shares, which is lower than its average volume of 8,713 shares. The company's financial indicators show a current ratio of 1.47, a quick ratio of 1.44, and a very low debt-to-equity ratio of 0.17. Over the last fifty days, the moving average for the stock has been $230.78, while the 200-day moving average stands at $197.18. During the past year, Biglari has experienced a low of $145.95 and a high of $271.35. The market capitalization of the company is currently $514.90 million, with a price-to-earnings ratio of 1.28 and a beta of 0.73.

Recent Earnings Report

Biglari recently released its quarterly earnings data on November 8, where it reported earnings per share (EPS) of $114.77. The company generated revenue of $90.41 million for the quarter. Additionally, Biglari reported a return on equity of 16.03% and a net profit margin of 14.14%.

Insider Trading Activity

In terms of insider activity, CEO Sardar Biglari made a significant stock purchase of 4,994 shares at an average price of $247.33 per share, amounting to a total of $1,235,166.02. After this acquisition, Sardar Biglari now owns a total of 1,281,750 shares in the company, valued at approximately $317 million. This purchase represents a 0.39% increase in ownership. Furthermore, in the past three months, insiders have collectively purchased 21,977 shares valued at over $6.3 million, indicating strong insider confidence in the company's future. Currently, corporate insiders own about 71.40% of Biglari shares.

Institutional Holdings

Recent changes in institutional trading have been observed as well. Los Angeles Capital Management LLC raised its holdings in Biglari by 2.0% during the third quarter, now owning 4,418 shares worth around $760,000. Atticus Wealth Management LLC also made a new investment in Biglari stock valued at approximately $25,000 during the fourth quarter. In addition, Ritholtz Wealth Management increased its stake by 17.0%, now holding 1,404 shares valued at $357,000. Moreover, JPMorgan Chase & Co. significantly increased its position by 48.8%, now possessing 845 shares valued at about $145,000. Overall, institutional investors and hedge funds own approximately 74.30% of Biglari's stock.

About Biglari Holdings Inc.

Biglari Holdings Inc., through its various subsidiaries, primarily operates and franchises restaurants across the United States. It manages establishments under well-known names such as Steak n Shake and Western Sizzlin. The company is also involved in underwriting commercial trucking insurance, offering physical damage and liability insurance to trucking businesses, alongside providing property and casualty insurance.

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