First Trust Advisors LP purchased a new position in Biglari Holdings Inc. (NYSE:BH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,807 shares of the restaurant operator’s stock, valued at approximately $1,922,000. First Trust Advisors LP owned about 0.23% of Biglari Holdings at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of BH. Nationwide Fund Advisors boosted its stake in shares of Biglari Holdings by 10.2% in the first quarter. Nationwide Fund Advisors now owns 1,411 shares of the restaurant operator’s stock worth $610,000 after acquiring an additional 131 shares during the last quarter. Strs Ohio acquired a new stake in shares of Biglari Holdings in the first quarter worth approximately $734,000. Russell Investments Group Ltd. boosted its stake in shares of Biglari Holdings by 26.4% in the first quarter. Russell Investments Group Ltd. now owns 1,566 shares of the restaurant operator’s stock worth $676,000 after acquiring an additional 327 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Biglari Holdings by 5.3% in the first quarter. Great West Life Assurance Co. Can now owns 1,495 shares of the restaurant operator’s stock worth $642,000 after acquiring an additional 75 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Biglari Holdings by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 13,747 shares of the restaurant operator’s stock worth $5,938,000 after acquiring an additional 444 shares during the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.
Separately, TheStreet raised Biglari Holdings from a “d+” rating to a “c-” rating in a research note on Monday, July 3rd.
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Shares of Biglari Holdings Inc. (NYSE:BH) opened at 301.95 on Wednesday. Biglari Holdings Inc. has a 52 week low of $290.05 and a 52 week high of $491.74. The firm has a market capitalization of $624.13 million, a price-to-earnings ratio of 22.96 and a beta of 0.37. The stock has a 50 day moving average price of $327.31 and a 200-day moving average price of $389.66.
Biglari Holdings (NYSE:BH) last released its quarterly earnings data on Friday, August 4th. The restaurant operator reported $17.17 earnings per share for the quarter, beating the consensus estimate of $2.89 by $14.28. Biglari Holdings had a return on equity of 3.15% and a net margin of 1.92%. The firm had revenue of $212.95 million during the quarter. On average, analysts anticipate that Biglari Holdings Inc. will post ($2.07) EPS for the current year.
About Biglari Holdings
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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