Ritholtz Wealth Management Has $704,000 Stake in Biglari Holdings Inc. (NYSE:BH)

Ritholtz Wealth Management lifted its position in Biglari Holdings Inc. (NYSE:BH - Free Report) by 131.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,250 shares of the restaurant operator's stock after buying an additional 1,846 shares during the period. Ritholtz Wealth Management owned about 0.14% of Biglari worth $704,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BH. Deutsche Bank AG bought a new stake in Biglari during the fourth quarter worth $44,000. Wells Fargo & Company MN boosted its stake in shares of Biglari by 28.2% during the 4th quarter. Wells Fargo & Company MN now owns 427 shares of the restaurant operator's stock worth $109,000 after acquiring an additional 94 shares during the period. MetLife Investment Management LLC acquired a new position in shares of Biglari during the 4th quarter worth approximately $117,000. 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. Finally, Ethic Inc. acquired a new stake in Biglari during the 4th quarter valued at $205,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Biglari Trading Up 1.0%

Shares of NYSE:BH opened at $274.98 on Thursday. The stock has a market cap of $626.95 million, a PE ratio of -1.25 and a beta of 0.74. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.02. Biglari Holdings Inc. has a 12-month low of $159.69 and a 12-month high of $278.36. The business has a 50 day moving average of $240.49 and a 200-day moving average of $233.46.

Biglari (NYSE:BH - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The restaurant operator reported $23.37 EPS for the quarter. The firm had revenue of $95.04 million for the quarter. Biglari had a positive return on equity of 4.27% and a negative net margin of 16.21%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Biglari from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th.

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.

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