Bailard Inc. Buys Shares of 1,207 Biglari Holdings Inc. (NYSE:BH)

Bailard Inc. purchased a new position in Biglari Holdings Inc. (NYSE:BH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,207 shares of the restaurant operator’s stock, valued at approximately $307,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Atticus Wealth Management LLC bought a new position in shares of Biglari during the 4th quarter valued at $25,000. SG Americas Securities LLC bought a new position in Biglari in the fourth quarter valued at about $115,000. JPMorgan Chase & Co. boosted its position in Biglari by 48.8% in the third quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock worth $145,000 after purchasing an additional 277 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Biglari by 10.0% during the 4th quarter. Rhumbline Advisers now owns 1,139 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 104 shares during the period. Finally, Barclays PLC grew its stake in shares of Biglari by 78.6% during the 3rd quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock valued at $340,000 after purchasing an additional 869 shares during the period. Institutional investors own 74.30% of the company’s stock.

Biglari Price Performance

Shares of Biglari stock opened at $223.04 on Thursday. The stock’s fifty day moving average is $236.19 and its 200 day moving average is $206.09. Biglari Holdings Inc. has a one year low of $159.69 and a one year high of $271.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.44 and a current ratio of 1.47. The stock has a market cap of $507.64 million, a P/E ratio of 1.26 and a beta of 0.69.

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

Insider Buying and Selling at Biglari

In other Biglari news, CEO Sardar Biglari acquired 516 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $738.70 per share, with a total value of $381,169.20. Following the completion of the purchase, the chief executive officer now directly owns 1,319,162 shares in the company, valued at approximately $974,464,969.40. The trade was a 0.04 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 71.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

Biglari Company Profile

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.