Legal & General Group Plc lowered its position in Biglari Holdings Inc. (NYSE:BH) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,717 shares of the restaurant operator’s stock after selling 12 shares during the period. Legal & General Group Plc owned 0.08% of Biglari Holdings worth $741,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of BH. Mason Street Advisors LLC increased its position in Biglari Holdings by 7.2% in the first quarter. Mason Street Advisors LLC now owns 237 shares of the restaurant operator’s stock worth $102,000 after buying an additional 16 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in Biglari Holdings during the first quarter worth $209,000. Cutler Group LP increased its position in Biglari Holdings by 45.8% in the first quarter. Cutler Group LP now owns 541 shares of the restaurant operator’s stock worth $233,000 after buying an additional 170 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Biglari Holdings by 3.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 538 shares of the restaurant operator’s stock worth $255,000 after buying an additional 20 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its position in Biglari Holdings by 18.3% in the first quarter. State of Tennessee Treasury Department now owns 970 shares of the restaurant operator’s stock worth $419,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.
Shares of Biglari Holdings Inc. (NYSE BH) opened at 302.87 on Friday. The stock has a 50 day moving average price of $368.48 and a 200-day moving average price of $404.47. The firm has a market capitalization of $626.03 million, a PE ratio of 23.03 and a beta of 0.32. Biglari Holdings Inc. has a 52-week low of $300.21 and a 52-week high of $491.74.
Biglari Holdings (NYSE:BH) last released its earnings results on Friday, August 4th. The restaurant operator reported $17.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $14.28. The company had revenue of $212.95 million during the quarter. Biglari Holdings had a return on equity of 3.15% and a net margin of 1.92%. Equities analysts forecast that Biglari Holdings Inc. will post ($2.07) EPS for the current year.
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Separately, TheStreet raised Biglari Holdings from a “d+” rating to a “c-” rating in a research report on Monday, July 3rd.
Biglari Holdings Company Profile
Biglari Holdings Inc is a holding company owning subsidiaries engaged in various business activities, including media, property and casualty insurance, and restaurants The Company’s segments include Restaurant Operations, First Guard, Maxim, Other and Corporate. The Company’s restaurant operations’ activities are conducted through approximately two restaurant concepts operated by subsidiaries Steak n Shake Inc (Steak n Shake) and Western Sizzlin Corporation (Western).
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