JPMorgan Chase & Co. Increases Stake in Biglari Holdings Inc. (NYSE:BH)

JPMorgan Chase & Co. increased its position in Biglari Holdings Inc. (NYSE:BH) by 48.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 845 shares of the restaurant operator’s stock after buying an additional 277 shares during the quarter. JPMorgan Chase & Co.’s holdings in Biglari were worth $145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Los Angeles Capital Management LLC grew its holdings in Biglari by 2.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock valued at $760,000 after buying an additional 88 shares in the last quarter. Empowered Funds LLC boosted its position in Biglari by 4.6% in the 3rd quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator’s stock valued at $1,568,000 after buying an additional 402 shares during the period. Finally, Barclays PLC increased its stake in shares of Biglari by 78.6% during the third quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock valued at $340,000 after buying an additional 869 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Biglari from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 24th.

Insider Buying and Selling

In other Biglari news, CEO Sardar Biglari acquired 817 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average cost of $366.99 per share, for a total transaction of $299,830.83. Following the completion of the transaction, the chief executive officer now owns 1,319,993 shares of the company’s stock, valued at approximately $484,424,231.07. The trade was a 0.06 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have acquired 21,977 shares of company stock worth $6,342,966. 71.40% of the stock is owned by insiders.

Biglari Price Performance

Shares of BH opened at $231.07 on Friday. The company has a market capitalization of $526.84 million, a P/E ratio of 1.31 and a beta of 0.73. Biglari Holdings Inc. has a fifty-two week low of $145.95 and a fifty-two week high of $271.35. The business’s 50-day moving average is $232.96 and its two-hundred day moving average is $198.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.44 and a current ratio of 1.47.

Biglari (NYSE:BH) last released its quarterly earnings results on Friday, November 8th. The restaurant operator reported $114.77 earnings per share for the quarter. The company had revenue of $90.41 million during the quarter. Biglari had a return on equity of 16.03% and a net margin of 14.14%.

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.