Bank of New York Mellon Corp Acquires 130 Shares of Biglari Holdings Inc. (NYSE:BH)

Bank of New York Mellon Corp boosted its position in shares of Biglari Holdings Inc. (NYSE:BH) by 3.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,951 shares of the restaurant operator’s stock after purchasing an additional 130 shares during the period. Bank of New York Mellon Corp’s holdings in Biglari were worth $764,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BH. BNP Paribas Financial Markets grew its position in shares of Biglari by 81.6% during the 1st quarter. BNP Paribas Financial Markets now owns 356 shares of the restaurant operator’s stock valued at $68,000 after acquiring an additional 160 shares during the period. Virtu Financial LLC bought a new stake in shares of Biglari in the first quarter worth about $223,000. Janney Montgomery Scott LLC boosted its position in shares of Biglari by 18.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 2,579 shares of the restaurant operator’s stock valued at $425,000 after acquiring an additional 395 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of Biglari by 5.5% in the 1st quarter. GSA Capital Partners LLP now owns 2,406 shares of the restaurant operator’s stock worth $456,000 after buying an additional 125 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in Biglari by 6.9% during the first quarter. Empowered Funds LLC now owns 8,176 shares of the restaurant operator’s stock worth $1,551,000 after acquiring an additional 525 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Sardar Biglari acquired 21,325 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was acquired at an average price of $13.13 per share, for a total transaction of $279,997.25. Following the completion of the transaction, the insider now owns 159,241 shares in the company, valued at approximately $2,090,834.33. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders have purchased 189,177 shares of company stock valued at $2,483,158. Company insiders own 71.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Biglari from a “buy” rating to a “hold” rating in a research report on Monday, August 12th.

Biglari Price Performance

BH opened at $174.75 on Monday. Biglari Holdings Inc. has a 1 year low of $137.01 and a 1 year high of $219.00. The business’s 50-day moving average is $182.31 and its two-hundred day moving average is $190.40. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.40. The firm has a market capitalization of $397.73 million, a PE ratio of 3.91 and a beta of 0.72.

Biglari (NYSE:BH) last released its quarterly earnings results on Friday, August 9th. The restaurant operator reported ($12.87) EPS for the quarter. Biglari had a negative net margin of 10.35% and a positive return on equity of 1.21%. The business had revenue of $91.14 million during the quarter.

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.