AXQ Capital LP Invests $249,000 in Biglari Holdings Inc. $BH

AXQ Capital LP acquired a new position in Biglari Holdings Inc. (NYSE:BH) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 852 shares of the restaurant operator’s stock, valued at approximately $249,000.

A number of other institutional investors also recently bought and sold shares of the stock. Police & Firemen s Retirement System of New Jersey grew its holdings in Biglari by 41.3% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 171 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 50 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Biglari during the 1st quarter valued at about $64,000. Deutsche Bank AG grew its stake in shares of Biglari by 111.6% during the 1st quarter. Deutsche Bank AG now owns 364 shares of the restaurant operator’s stock valued at $79,000 after acquiring an additional 192 shares during the period. AlphaQuest LLC purchased a new stake in Biglari in the 2nd quarter worth approximately $152,000. Finally, Jane Street Group LLC bought a new stake in Biglari during the 1st quarter worth approximately $257,000. 74.30% of the stock is owned by institutional investors.

Insider Activity at Biglari

In other news, CEO Sardar Biglari acquired 2,032 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was purchased at an average price of $393.35 per share, for a total transaction of $799,287.20. Following the completion of the transaction, the chief executive officer directly owned 1,324,401 shares in the company, valued at approximately $520,953,133.35. This trade represents a 0.15% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 71.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Biglari from a “buy” rating to a “hold” rating in a report on Saturday, November 15th.

Biglari Price Performance

Shares of NYSE:BH opened at $286.35 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.35 and a current ratio of 1.38. The firm has a fifty day moving average price of $336.49 and a 200 day moving average price of $303.38. Biglari Holdings Inc. has a fifty-two week low of $195.05 and a fifty-two week high of $381.83. The firm has a market cap of $651.73 million, a price-to-earnings ratio of 1.96 and a beta of 0.81.

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.