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% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,951 shares of the restaurant operator’s stock after purchasing an additional 130 shares during the quarter. Bank of New York Mellon Corp owned 0.17% of Biglari worth $764,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of Biglari in the first quarter worth $223,000. Empowered Funds LLC lifted its position in Biglari by 6.9% during the 1st quarter. Empowered Funds LLC now owns 8,176 shares of the restaurant operator’s stock worth $1,551,000 after buying an additional 525 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Biglari by 18.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 2,579 shares of the restaurant operator’s stock worth $425,000 after buying an additional 395 shares in the last quarter. BNP Paribas Financial Markets boosted its stake 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 worth $68,000 after buying an additional 160 shares during the last quarter. Finally, GSA Capital Partners LLP grew its holdings 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 valued at $456,000 after acquiring an additional 125 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Biglari Trading Down 1.6 %

NYSE BH opened at $174.75 on Monday. The company has a market cap of $397.73 million, a price-to-earnings ratio of 3.91 and a beta of 0.72. Biglari Holdings Inc. has a twelve month low of $137.01 and a twelve month high of $219.00. The company has a quick ratio of 1.40, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average is $182.31 and its 200 day moving average is $190.40.

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

Insider Buying and Selling

In other Biglari news, major shareholder Sardar Biglari bought 21,325 shares of Biglari stock in a transaction dated Friday, August 16th. The stock was purchased at an average price of $13.13 per share, for a total transaction of $279,997.25. Following the completion of the purchase, the insider now directly owns 159,241 shares of the company’s stock, valued at $2,090,834.33. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders purchased 189,177 shares of company stock worth $2,483,158. 71.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.