Bank of New York Mellon Corp Sells 1,530 Shares of Biglari Holdings Inc. (NYSE:BH)

Bank of New York Mellon Corp cut its position in shares of Biglari Holdings Inc. (NYSE:BH) by 45.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,828 shares of the restaurant operator’s stock after selling 1,530 shares during the quarter. Bank of New York Mellon Corp owned 0.08% of Biglari worth $465,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BH. Atticus Wealth Management LLC bought a new stake in shares of Biglari during the fourth quarter worth $25,000. SG Americas Securities LLC acquired a new position in Biglari during the fourth quarter valued at approximately $115,000. JPMorgan Chase & Co. increased its holdings in Biglari by 48.8% during the third quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock worth $145,000 after buying an additional 277 shares during the last quarter. Rhumbline Advisers lifted its stake in Biglari by 10.0% in the 4th quarter. Rhumbline Advisers now owns 1,139 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 104 shares during the last quarter. Finally, Ritholtz Wealth Management increased its holdings in shares of Biglari by 17.0% during the 4th quarter. Ritholtz Wealth Management now owns 1,404 shares of the restaurant operator’s stock worth $357,000 after acquiring an additional 204 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Biglari from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th.

Biglari Price Performance

Shares of NYSE:BH opened at $223.19 on Friday. Biglari Holdings Inc. has a 52 week low of $159.69 and a 52 week high of $271.35. 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 firm has a market cap of $507.98 million, a PE ratio of 1.26 and a beta of 0.69. The firm’s fifty day moving average is $227.90 and its 200-day moving average is $210.42.

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

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.