Allspring Global Investments Holdings LLC Cuts Stock Holdings in Biglari Holdings Inc. (NYSE:BH)

Allspring Global Investments Holdings LLC lessened its stake in Biglari Holdings Inc. (NYSE:BH) by 6.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,496 shares of the restaurant operator’s stock after selling 179 shares during the period. Allspring Global Investments Holdings LLC owned about 0.11% of Biglari worth $540,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Deutsche Bank AG purchased a new stake in Biglari in the fourth quarter worth $44,000. Wells Fargo & Company MN raised its holdings in Biglari by 28.2% in the 4th quarter. Wells Fargo & Company MN now owns 427 shares of the restaurant operator’s stock worth $109,000 after purchasing an additional 94 shares in the last quarter. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Biglari in the 1st quarter worth about $109,000. MetLife Investment Management LLC bought a new stake in shares of Biglari during the 4th quarter valued at about $117,000. Finally, GAMMA Investing LLC raised its stake in Biglari by 17,220.0% in the first quarter. GAMMA Investing LLC now owns 866 shares of the restaurant operator’s stock worth $188,000 after buying an additional 861 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Biglari Price Performance

Shares of BH opened at $300.24 on Thursday. The firm’s 50-day simple moving average is $261.35 and its two-hundred day simple moving average is $239.27. Biglari Holdings Inc. has a fifty-two week low of $159.69 and a fifty-two week high of $301.82. The stock has a market cap of $684.55 million, a PE ratio of -1.36 and a beta of 0.79. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.11 and a current ratio of 1.14.

Biglari (NYSE:BH) last posted its quarterly earnings results on Friday, May 9th. The restaurant operator reported $23.37 earnings per share (EPS) for the quarter. Biglari had a positive return on equity of 4.27% and a negative net margin of 16.21%. The firm had revenue of $95.04 million during the quarter.

Biglari 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.