Nuveen LLC Invests $3.97 Million in Biglari Holdings Inc. $BH

Key Points

• Nuveen LLC invested approximately $3.97 million in Biglari Holdings Inc., acquiring 18,309 shares during the first quarter.
• Institutional investors and hedge funds now own about 74.30% of Biglari's stock, indicating significant confidence in the company's management.
• Biglari Holdings reported $9.17 earnings per share for the last quarter, with a net margin of 10.48% and revenue of $100.62 million.

Nuveen LLC acquired a new stake in Biglari Holdings Inc. (NYSE:BH - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund 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 SEC.

Several other institutional investors have also recently bought and sold shares of BH. Cerity Partners LLC bought a new stake in Biglari in the 1st quarter valued at $453,000. GAMMA Investing LLC raised its stake in Biglari by 17,220.0% in the 1st quarter. GAMMA Investing LLC now owns 866 shares of the restaurant operator's stock valued at $188,000 after acquiring an additional 861 shares during the period. Ritholtz Wealth Management raised its stake in Biglari by 131.5% in the 1st quarter. Ritholtz Wealth Management now owns 3,250 shares of the restaurant operator's stock valued at $704,000 after acquiring an additional 1,846 shares during the period. Nuveen Asset Management LLC raised its stake in Biglari by 1.0% in the 4th quarter. Nuveen Asset Management LLC now owns 16,821 shares of the restaurant operator's stock valued at $4,277,000 after acquiring an additional 164 shares during the period. Finally, Deutsche Bank AG bought a new stake in Biglari in the 4th quarter valued at $44,000. Institutional investors own 74.30% of the company's stock.

Biglari Price Performance

Shares of BH traded down $2.29 during trading hours on Tuesday, hitting $308.58. 18,869 shares of the company were exchanged, compared to its average volume of 24,160. The company has a market cap of $703.56 million, a price-to-earnings ratio of 2.11 and a beta of 0.80. Biglari Holdings Inc. has a fifty-two week low of $159.69 and a fifty-two week high of $328.65. The company has a quick ratio of 1.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.16. The firm's fifty day moving average is $300.16 and its 200 day moving average is $257.21.

Biglari (NYSE:BH - Get Free Report) last released its earnings results on Friday, August 8th. The restaurant operator reported $9.17 earnings per share (EPS) for the quarter. The company had revenue of $100.62 million for the quarter. Biglari had a return on equity of 5.28% and a net margin of 10.48%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Biglari from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 16th.

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.