Janney Montgomery Scott LLC Has $425,000 Stock Position in Biglari Holdings Inc. (NYSE:BH)

Janney Montgomery Scott LLC grew its stake in Biglari Holdings Inc. (NYSE:BHFree Report) by 18.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,579 shares of the restaurant operator’s stock after purchasing an additional 395 shares during the quarter. Janney Montgomery Scott LLC owned about 0.11% of Biglari worth $425,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in BH. Rathbones Group PLC acquired a new stake in Biglari during the 3rd quarter worth $382,000. WINTON GROUP Ltd acquired a new stake in Biglari during the 3rd quarter worth $210,000. Gladius Capital Management LP raised its stake in Biglari by 128.4% during the 4th quarter. Gladius Capital Management LP now owns 402 shares of the restaurant operator’s stock worth $66,000 after buying an additional 226 shares during the period. O Shaughnessy Asset Management LLC raised its stake in Biglari by 5.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 4,076 shares of the restaurant operator’s stock worth $677,000 after buying an additional 202 shares during the period. Finally, Acuitas Investments LLC raised its stake in Biglari by 1.0% during the 4th quarter. Acuitas Investments LLC now owns 14,455 shares of the restaurant operator’s stock worth $2,384,000 after buying an additional 144 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on BH shares. TheStreet raised Biglari from a “c” rating to a “b-” rating in a research note on Tuesday, February 27th. StockNews.com downgraded Biglari from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th.

Read Our Latest Research Report on BH

Biglari Stock Performance

BH opened at $196.10 on Thursday. The business’s 50-day moving average price is $198.45 and its two-hundred day moving average price is $176.74. Biglari Holdings Inc. has a 1 year low of $137.01 and a 1 year high of $219.00. The company has a market capitalization of $447.11 million, a price-to-earnings ratio of 4.44 and a beta of 0.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.42 and a quick ratio of 1.39.

Biglari (NYSE:BHGet Free Report) last released its quarterly earnings results on Friday, May 10th. The restaurant operator reported $79.56 earnings per share (EPS) for the quarter. Biglari had a return on equity of 2.11% and a net margin of 3.47%. The firm had revenue of $89.45 million for the quarter.

Insider Activity

In related news, CEO Sardar Biglari acquired 2,057 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was bought at an average price of $242.97 per share, for a total transaction of $499,789.29. Following the acquisition, the chief executive officer now directly owns 1,271,744 shares of the company’s stock, valued at $308,995,639.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 8,202 shares of company stock worth $1,928,724 in the last quarter. Corporate insiders own 71.40% of the company’s stock.

Biglari Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Biglari (NYSE:BH)

Receive News & Ratings for Biglari Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Biglari and related companies with MarketBeat.com's FREE daily email newsletter.