Nuveen LLC acquired a new position in shares of Biglari Holdings Inc. (NYSE:BH - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,309 shares of the restaurant operator's stock, valued at approximately $3,965,000. Nuveen LLC owned 0.80% of Biglari as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Biglari by 1.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,029 shares of the restaurant operator's stock valued at $2,605,000 after buying an additional 142 shares during the last quarter. Deutsche Bank AG raised its position in shares of Biglari by 111.6% in the first quarter. Deutsche Bank AG now owns 364 shares of the restaurant operator's stock valued at $79,000 after buying an additional 192 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of Biglari in the first quarter valued at about $453,000. Bank of New York Mellon Corp raised its position in shares of Biglari by 10.7% in the first quarter. Bank of New York Mellon Corp now owns 2,023 shares of the restaurant operator's stock valued at $438,000 after buying an additional 195 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Biglari in the first quarter valued at about $109,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Biglari Trading Down 2.5%
Shares of BH traded down $8.12 during mid-day trading on Monday, reaching $311.68. The stock had a trading volume of 16,276 shares, compared to its average volume of 24,801. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.38 and a quick ratio of 1.35. The firm has a market cap of $709.38 million, a price-to-earnings ratio of 2.13 and a beta of 0.80. The business's fifty day moving average is $299.34 and its 200 day moving average is $256.37. Biglari Holdings Inc. has a 52-week low of $159.69 and a 52-week high of $328.65.
Biglari (NYSE:BH - Get Free Report) last announced its earnings results on Friday, August 8th. The restaurant operator reported $9.17 earnings per share for the quarter. The company had revenue of $100.62 million during the quarter. Biglari had a net margin of 10.48% and a return on equity of 5.28%.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of Biglari from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 16th.
View Our Latest Stock Analysis on BH
About Biglari
(
Free Report)
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.
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