MetLife Investment Advisors LLC acquired a new position in Biglari Holdings (NYSE:BH) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 528 shares of the restaurant operator’s stock, valued at approximately $219,000.
Several other large investors also recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in shares of Biglari by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 9,305 shares of the restaurant operator’s stock valued at $3,855,000 after acquiring an additional 129 shares during the period. Check Capital Management Inc. CA increased its stake in Biglari by 5.3% in the 4th quarter. Check Capital Management Inc. CA now owns 2,561 shares of the restaurant operator’s stock worth $1,061,000 after buying an additional 130 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Biglari by 4.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 4,029 shares of the restaurant operator’s stock worth $1,343,000 after buying an additional 174 shares during the period. Rhumbline Advisers increased its stake in Biglari by 10.3% in the 4th quarter. Rhumbline Advisers now owns 2,476 shares of the restaurant operator’s stock worth $1,026,000 after buying an additional 232 shares during the period. Finally, Aperio Group LLC purchased a new position in Biglari in the 4th quarter worth about $247,000. Hedge funds and other institutional investors own 91.46% of the company’s stock.
NYSE BH opened at $207.01 on Friday. Biglari Holdings has a one year low of $194.26 and a one year high of $199.88. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.83 and a quick ratio of 0.78.
Biglari (NYSE:BH) last released its quarterly earnings results on Monday, February 26th. The restaurant operator reported $56.97 earnings per share for the quarter. The business had revenue of $209.22 million for the quarter. Biglari had a net margin of 7.64% and a return on equity of 11.88%.
In other Biglari news, Director Sardar Biglari acquired 687 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was acquired at an average cost of $419.79 per share, for a total transaction of $288,395.73. Following the purchase, the director now owns 1 shares in the company, valued at approximately $419.79. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have acquired 8,175 shares of company stock valued at $3,402,481. Company insiders own 54.80% of the company’s stock.
Biglari Holdings Inc, through its subsidiaries, operates and franchises restaurants in the United States. The company owns, operates, and franchises restaurants under restaurant concepts, including Steak n Shake, an American brand serving premium burgers and milk shakes; and Western, which offers signature steak dishes and other classic American menu items, as well operates other concepts, such as Great American Steak & Buffet and Wood Grill Buffet consisting of hot and cold food buffet style dining.
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