Invesco Ltd. purchased a new stake in shares of Biglari Holdings Inc. (NYSE:BH - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 15,805 shares of the restaurant operator's stock, valued at approximately $4,019,000. Invesco Ltd. owned about 0.69% of Biglari as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Wells Fargo & Company MN grew its position in 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 purchasing an additional 94 shares during the period. Alliancebernstein L.P. purchased a new stake in shares of Biglari in the fourth quarter worth about $209,000. O Shaughnessy Asset Management LLC grew its holdings in Biglari by 12.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,759 shares of the restaurant operator's stock worth $702,000 after acquiring an additional 306 shares during the period. JPMorgan Chase & Co. raised its position in Biglari by 1,809.5% during the fourth quarter. JPMorgan Chase & Co. now owns 16,135 shares of the restaurant operator's stock valued at $4,103,000 after acquiring an additional 15,290 shares in the last quarter. Finally, LPL Financial LLC acquired a new position in Biglari in the fourth quarter valued at approximately $279,000. 74.30% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Biglari from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th.
View Our Latest Stock Analysis on BH
Biglari Price Performance
Shares of BH stock traded up $5.40 during mid-day trading on Friday, hitting $231.96. 3,089 shares of the stock were exchanged, compared to its average volume of 5,159. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Biglari Holdings Inc. has a 52-week low of $159.69 and a 52-week high of $271.35. The firm has a fifty day moving average of $218.94 and a 200 day moving average of $218.80. The company has a market cap of $527.93 million, a PE ratio of 1.32 and a beta of 0.75.
Biglari (NYSE:BH - Get Free Report) last issued its quarterly earnings data on Saturday, March 1st. The restaurant operator reported ($36.60) EPS for the quarter. Biglari had a net margin of 14.14% and a return on equity of 16.03%. The business had revenue of $91.12 million during the quarter.
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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