519 Shares in Biglari Holdings Inc. $BH Purchased by AlphaQuest LLC

AlphaQuest LLC purchased a new stake in shares of Biglari Holdings Inc. (NYSE:BH) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 519 shares of the restaurant operator’s stock, valued at approximately $152,000.

Other hedge funds have also added to or reduced their stakes in the company. Nuveen LLC purchased a new position in Biglari in the first quarter valued at about $3,965,000. Strs Ohio bought a new stake in shares of Biglari in the 1st quarter worth approximately $498,000. Cerity Partners LLC purchased a new position in Biglari in the first quarter valued at approximately $453,000. Jane Street Group LLC purchased a new position in Biglari in the first quarter valued at approximately $257,000. Finally, Ritholtz Wealth Management grew its holdings in Biglari by 15.3% during the second quarter. Ritholtz Wealth Management now owns 3,746 shares of the restaurant operator’s stock valued at $1,095,000 after purchasing an additional 496 shares during the period. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Biglari from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 13th.

Biglari Stock Performance

NYSE:BH opened at $356.06 on Tuesday. The business’s fifty day moving average is $333.34 and its 200 day moving average is $293.55. The firm has a market cap of $810.38 million, a price-to-earnings ratio of 2.43 and a beta of 0.80. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.35 and a current ratio of 1.38. Biglari Holdings Inc. has a 52-week low of $170.85 and a 52-week high of $381.83.

Biglari (NYSE:BH) last issued its earnings results on Friday, August 8th. The restaurant operator reported $9.17 EPS for the quarter. The business had revenue of $100.62 million during the quarter. Biglari had a return on equity of 5.28% and a net margin of 10.48%.

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.