TheStreet Downgrades Biglari Holdings Inc. (BH) to D+

TheStreet downgraded shares of Biglari Holdings Inc. (NYSE:BH) from a c rating to a d+ rating in a research note published on Monday, November 6th.

Shares of Biglari Holdings (BH) opened at $343.43 on Monday. The company has a market cap of $710.08, a P/E ratio of 8.12 and a beta of 0.39. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 0.51. Biglari Holdings has a 12 month low of $290.05 and a 12 month high of $491.74.

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In related news, Director Sardar Biglari acquired 700 shares of the stock in a transaction dated Wednesday, November 8th. The stock was bought at an average cost of $334.50 per share, with a total value of $234,150.00. Following the purchase, the director now directly owns 1 shares of the company’s stock, valued at $334.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders acquired a total of 3,832 shares of company stock valued at $1,281,042 over the last ninety days. 51.20% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Texas Permanent School Fund grew its stake in shares of Biglari Holdings by 0.7% during the 2nd quarter. Texas Permanent School Fund now owns 739 shares of the restaurant operator’s stock valued at $295,000 after buying an additional 5 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Biglari Holdings by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 840 shares of the restaurant operator’s stock valued at $335,000 after buying an additional 10 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Biglari Holdings by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,855 shares of the restaurant operator’s stock valued at $1,541,000 after buying an additional 19 shares during the period. Profund Advisors LLC grew its stake in shares of Biglari Holdings by 2.7% during the 2nd quarter. Profund Advisors LLC now owns 765 shares of the restaurant operator’s stock valued at $306,000 after buying an additional 20 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Biglari Holdings by 4.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 553 shares of the restaurant operator’s stock valued at $221,000 after buying an additional 25 shares during the period. 88.15% of the stock is owned by institutional investors.

About Biglari Holdings

Biglari Holdings Inc is a holding company owning subsidiaries engaged in various business activities, including media, property and casualty insurance, and restaurants The Company’s segments include Restaurant Operations, First Guard, Maxim, Other and Corporate. The Company’s restaurant operations’ activities are conducted through approximately two restaurant concepts operated by subsidiaries Steak n Shake Inc (Steak n Shake) and Western Sizzlin Corporation (Western).

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