Bailard Inc. Invests $307,000 in Biglari Holdings Inc. (NYSE:BH)

Bailard Inc. purchased a new stake in shares of Biglari Holdings Inc. (NYSE:BH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,207 shares of the restaurant operator’s stock, valued at approximately $307,000. Bailard Inc. owned 0.05% of Biglari at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BH. Rhumbline Advisers increased its stake in shares of Biglari by 10.0% during the fourth quarter. Rhumbline Advisers now owns 1,139 shares of the restaurant operator’s stock valued at $290,000 after buying an additional 104 shares during the period. Peapod Lane Capital LLC bought a new stake in Biglari in the fourth quarter valued at $3,705,000. Allspring Global Investments Holdings LLC purchased a new position in Biglari during the 4th quarter valued at $680,000. Empowered Funds LLC raised its holdings in Biglari by 1.6% in the 4th quarter. Empowered Funds LLC now owns 9,268 shares of the restaurant operator’s stock worth $2,357,000 after purchasing an additional 150 shares in the last quarter. Finally, Atticus Wealth Management LLC purchased a new stake in shares of Biglari in the 4th quarter worth about $25,000. Institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling

In related news, CEO Sardar Biglari acquired 817 shares of the stock in a transaction on Monday, December 16th. The stock was acquired at an average price of $366.99 per share, for a total transaction of $299,830.83. Following the completion of the purchase, the chief executive officer now owns 1,319,993 shares of the company’s stock, valued at $484,424,231.07. This represents a 0.06 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 71.40% of the stock is currently owned by insiders.

Biglari Stock Up 0.5 %

Shares of NYSE:BH opened at $223.04 on Thursday. The firm has a market capitalization of $507.64 million, a P/E ratio of 1.26 and a beta of 0.69. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.44 and a current ratio of 1.47. The stock has a 50 day moving average price of $236.19 and a 200-day moving average price of $206.09. Biglari Holdings Inc. has a 52-week low of $159.69 and a 52-week high of $271.35.

Biglari (NYSE:BH) last announced its quarterly earnings data on Saturday, March 1st. The restaurant operator reported ($36.60) EPS for the quarter. The firm had revenue of $91.12 million for the quarter. Biglari had a net margin of 14.14% and a return on equity of 16.03%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Biglari from a “buy” rating to a “hold” rating in a research report on Tuesday.

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.