Biglari Holdings Inc. (NYSE:BH) Shares Bought by Barclays PLC

Barclays PLC grew its stake in Biglari Holdings Inc. (NYSE:BH) by 78.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,974 shares of the restaurant operator’s stock after buying an additional 869 shares during the quarter. Barclays PLC owned 0.09% of Biglari worth $340,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Empowered Funds LLC grew its position in shares of Biglari by 4.6% in the third quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator’s stock valued at $1,568,000 after purchasing an additional 402 shares during the period. Los Angeles Capital Management LLC grew its holdings in shares of Biglari by 2.0% during the third quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock worth $760,000 after buying an additional 88 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Biglari by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock worth $764,000 after buying an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Biglari Stock Performance

Biglari stock opened at $218.17 on Monday. The stock has a fifty day moving average price of $228.32 and a 200 day moving average price of $196.06. Biglari Holdings Inc. has a 52 week low of $145.95 and a 52 week high of $271.35. The firm has a market capitalization of $497.43 million, a P/E ratio of 1.24 and a beta of 0.73. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17.

Insider Transactions at Biglari

In other news, CEO Sardar Biglari bought 4,994 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was acquired at an average cost of $247.33 per share, for a total transaction of $1,235,166.02. Following the completion of the purchase, the chief executive officer now owns 1,281,750 shares of the company’s stock, valued at $317,015,227.50. This trade represents a 0.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders bought 21,977 shares of company stock worth $6,342,966. 71.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Biglari from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 15th.

About Biglari

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.