Biglari Holdings Inc. $BH Stock Holdings Increased by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. boosted its stake in Biglari Holdings by 20.9% in Q3 to 32,656 shares (about 1.43% ownership), valued at roughly $10.57 million, while institutional investors now own 74.30% of the company.
• CEO Sardar Biglari bought 2,810 shares at $302.20 on March 13, raising his direct holdings to 1,345,430 shares and leaving insiders with about 68.53% ownership of the stock.
• Biglari posted a quarterly loss of ($2.38) EPS on $99.87 million in revenue with a negative net margin of 9.48%; the stock is down 4.5%, trading around $305.75 with a market cap near $700 million and a negative PE of -2.13.

JPMorgan Chase & Co. boosted its holdings in Biglari Holdings Inc. (NYSE:BH - Free Report) by 20.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,656 shares of the restaurant operator's stock after buying an additional 5,650 shares during the quarter. JPMorgan Chase & Co. owned 1.43% of Biglari worth $10,569,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Russell Investments Group Ltd. raised its stake in Biglari by 608.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 73 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Biglari by 128.2% in the third quarter. Jones Financial Companies Lllp now owns 89 shares of the restaurant operator's stock worth $29,000 after buying an additional 50 shares during the period. CWM LLC boosted its position in shares of Biglari by 148.7% in the third quarter. CWM LLC now owns 97 shares of the restaurant operator's stock worth $31,000 after buying an additional 58 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Biglari during the third quarter valued at $34,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Biglari during the third quarter valued at $51,000. Institutional investors own 74.30% of the company's stock.

Biglari Stock Down 4.5%

Biglari stock opened at $305.75 on Friday. The firm has a market cap of $700.16 million, a PE ratio of -2.13 and a beta of 0.81. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.40 and a current ratio of 2.43. The firm's 50 day moving average price is $369.58 and its two-hundred day moving average price is $351.16. Biglari Holdings Inc. has a twelve month low of $195.05 and a twelve month high of $483.60.

Biglari (NYSE:BH - Get Free Report) last posted its quarterly earnings results on Saturday, February 28th. The restaurant operator reported ($2.38) earnings per share for the quarter. Biglari had a positive return on equity of 2.51% and a negative net margin of 9.48%.The firm had revenue of $99.87 million for the quarter.

Insider Activity

In other Biglari news, CEO Sardar Biglari bought 2,810 shares of the firm's stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of $302.20 per share, for a total transaction of $849,182.00. Following the purchase, the chief executive officer directly owned 1,345,430 shares in the company, valued at $406,588,946. This trade represents a 0.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders bought 9,717 shares of company stock valued at $2,978,074 over the last 90 days. Company insiders own 68.53% of the company's stock.

About Biglari

Biglari Holdings Inc is a diversified holding company that makes strategic investments and operates businesses across multiple industries, with a primary focus on the restaurant, insurance and media sectors. The company seeks to acquire controlling interests in undervalued enterprises and enhance long-term value through active management and operational improvements. Headquartered in San Antonio, Texas, Biglari Holdings approaches each acquisition with a value-oriented philosophy, emphasizing disciplined capital allocation and hands-on oversight.

In the restaurant segment, Biglari Holdings owns and operates Steak 'n Shake, a national burger and milkshake chain founded in 1934, as well as Western Sizzlin, a buffet and steakhouse brand.

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