TheStreet cut shares of Biglari Holdings Inc. (NYSE:BH) from a c rating to a d+ rating in a report released on Monday, November 6th.
Biglari (NYSE:BH) traded up $9.56 on Monday, reaching $339.44. The company had a trading volume of 3,689 shares, compared to its average volume of 5,751. 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 has a 12-month low of $290.05 and a 12-month high of $491.74. The firm has a market capitalization of $682.06, a PE ratio of 7.80 and a beta of 0.39.
In other news, Director Sardar Biglari acquired 80 shares of the company’s stock in a transaction on Thursday, October 12th. The shares were bought at an average price of $335.00 per share, with a total value of $26,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders bought 6,558 shares of company stock worth $2,189,964. Insiders own 51.20% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its position in Biglari by 55.6% in the second quarter. BNP Paribas Arbitrage SA now owns 322 shares of the restaurant operator’s stock valued at $129,000 after purchasing an additional 115 shares during the period. First Manhattan Co. acquired a new stake in Biglari in the third quarter valued at about $116,000. Municipal Employees Retirement System of Michigan lifted its position in Biglari by 15.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 450 shares of the restaurant operator’s stock valued at $180,000 after purchasing an additional 60 shares during the period. Public Employees Retirement System of Ohio lifted its position in Biglari by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 488 shares of the restaurant operator’s stock valued at $211,000 after purchasing an additional 68 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Biglari by 4.7% in the second quarter. JPMorgan Chase & Co. now owns 553 shares of the restaurant operator’s stock valued at $221,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 88.42% of the company’s stock.
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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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