Biglari Holdings Inc. $BH Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Biglari Holdings Inc. (NYSE:BH) by 20.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,656 shares of the restaurant operator’s stock after purchasing an additional 5,650 shares during the quarter. JPMorgan Chase & Co. owned about 1.43% of Biglari worth $10,569,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BH. Jones Financial Companies Lllp bought a new position in Biglari in the 1st quarter worth approximately $64,000. Empowered Funds LLC boosted its position in Biglari by 1.8% during the 1st quarter. Empowered Funds LLC now owns 9,433 shares of the restaurant operator’s stock worth $2,043,000 after acquiring an additional 165 shares during the period. Jane Street Group LLC bought a new position in shares of Biglari in the first quarter worth $257,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Biglari by 5.0% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,626 shares of the restaurant operator’s stock worth $3,689,000 after purchasing an additional 597 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Biglari by 41.3% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 171 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 50 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Biglari Stock Performance

Shares of NYSE BH opened at $341.73 on Friday. The stock has a fifty day moving average price of $394.95 and a two-hundred day moving average price of $350.69. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.80 and a current ratio of 2.43. The firm has a market cap of $777.78 million, a P/E ratio of -2.38 and a beta of 0.81. Biglari Holdings Inc. has a 1 year low of $195.05 and a 1 year high of $483.60.

Biglari (NYSE:BH) last posted its quarterly earnings data on Saturday, February 28th. The restaurant operator reported ($2.38) EPS for the quarter. The firm had revenue of $99.87 million during the quarter. Biglari had a positive return on equity of 2.51% and a negative net margin of 9.48%.

Insider Buying and Selling

In other Biglari news, CEO Sardar Biglari purchased 1,146 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was bought at an average cost of $331.15 per share, with a total value of $379,497.90. Following the acquisition, the chief executive officer owned 1,336,859 shares of the company’s stock, valued at $442,700,857.85. The trade was a 0.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have bought 7,480 shares of company stock valued at $2,982,177 in the last quarter. 71.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Biglari from a “buy” rating to a “hold” rating in a report on Saturday, November 15th.

Biglari Profile

Biglari Holdings Inc is a diversified holding company that makes strategic investments and operates businesses across multiple industries, with a primary focus on the restaurant, insurance and media sectors. The company seeks to acquire controlling interests in undervalued enterprises and enhance long-term value through active management and operational improvements. Headquartered in San Antonio, Texas, Biglari Holdings approaches each acquisition with a value-oriented philosophy, emphasizing disciplined capital allocation and hands-on oversight.

In the restaurant segment, Biglari Holdings owns and operates Steak ‘n Shake, a national burger and milkshake chain founded in 1934, as well as Western Sizzlin, a buffet and steakhouse brand.