Biglari Holdings Inc (NYSE:BH) was downgraded by research analysts at TheStreet from a “c” rating to a “d+” rating in a report released on Wednesday.
Separately, CL King downgraded shares of Biglari Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday, January 31st.
Biglari Holdings (NYSE:BH) traded up 0.34% during midday trading on Wednesday, hitting $377.50. 2,013 shares of the stock were exchanged. The firm has a market capitalization of $780.29 million, a price-to-earnings ratio of 14.20 and a beta of 0.37. The company has a 50 day moving average price of $420.61 and a 200 day moving average price of $441.84. Biglari Holdings has a one year low of $359.00 and a one year high of $491.74.
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A number of hedge funds have recently made changes to their positions in the company. Two Sigma Investments LP bought a new stake in shares of Biglari Holdings during the fourth quarter valued at approximately $616,000. Renaissance Technologies LLC increased its stake in shares of Biglari Holdings by 165.1% in the fourth quarter. Renaissance Technologies LLC now owns 6,070 shares of the restaurant operator’s stock valued at $2,872,000 after buying an additional 3,780 shares during the period. Pinnacle Associates Ltd. bought a new stake in shares of Biglari Holdings during the fourth quarter valued at approximately $206,000. Martingale Asset Management L P increased its stake in shares of Biglari Holdings by 21.9% in the fourth quarter. Martingale Asset Management L P now owns 5,560 shares of the restaurant operator’s stock valued at $2,631,000 after buying an additional 1,000 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Biglari Holdings by 11.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,659 shares of the restaurant operator’s stock valued at $7,884,000 after buying an additional 1,718 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.
Biglari Holdings Company Profile
Biglari Holdings Inc is a holding company owning subsidiaries engaged in various business activities, including media, property and casualty insurance, and restaurants The Company’s segments include Restaurant Operations, First Guard, Maxim, Other and Corporate. The Company’s restaurant operations’ activities are conducted through approximately two restaurant concepts operated by subsidiaries Steak n Shake Inc (Steak n Shake) and Western Sizzlin Corporation (Western).
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