LPL Financial LLC Invests $279,000 in Biglari Holdings Inc. (NYSE:BH)

LPL Financial LLC bought a new stake in Biglari Holdings Inc. (NYSE:BH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,096 shares of the restaurant operator's stock, valued at approximately $279,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BH. Atticus Wealth Management LLC acquired a new stake in Biglari during the fourth quarter worth about $25,000. SG Americas Securities LLC acquired a new stake in shares of Biglari during the 4th quarter worth approximately $115,000. JPMorgan Chase & Co. increased its holdings in shares of Biglari by 48.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator's stock valued at $145,000 after purchasing an additional 277 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Biglari by 10.0% during the 4th quarter. Rhumbline Advisers now owns 1,139 shares of the restaurant operator's stock valued at $290,000 after purchasing an additional 104 shares in the last quarter. Finally, Bailard Inc. acquired a new position in shares of Biglari in the 4th quarter valued at $307,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Biglari Price Performance

Shares of Biglari stock traded up $7.39 on Friday, hitting $233.95. The company's stock had a trading volume of 9,642 shares, compared to its average volume of 5,213. The company has a market capitalization of $532.47 million, a price-to-earnings ratio of 1.33 and a beta of 0.75. The firm has a fifty day moving average price of $218.80 and a 200-day moving average price of $219.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.44 and a current ratio of 1.47. Biglari Holdings Inc. has a 1 year low of $159.69 and a 1 year high of $271.35.

Biglari (NYSE:BH - Get Free Report) last posted 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.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Biglari from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th.

Biglari Company Profile

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.