Royce & Associates LP Holds Stake in Biglari Holdings Inc. (BH)
Royce & Associates LP maintained its stake in shares of Biglari Holdings Inc. (NYSE:BH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,500 shares of the restaurant operator’s stock at the close of the 2nd quarter. Royce & Associates LP owned 0.07% of Biglari Holdings worth $600,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nationwide Fund Advisors raised its stake in Biglari Holdings by 10.2% during the 1st quarter. Nationwide Fund Advisors now owns 1,411 shares of the restaurant operator’s stock valued at $610,000 after acquiring an additional 131 shares in the last quarter. Strs Ohio bought a new stake in Biglari Holdings during the 1st quarter valued at $734,000. Russell Investments Group Ltd. raised its stake in Biglari Holdings by 26.4% during the 1st quarter. Russell Investments Group Ltd. now owns 1,566 shares of the restaurant operator’s stock valued at $676,000 after acquiring an additional 327 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Biglari Holdings by 5.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,495 shares of the restaurant operator’s stock valued at $642,000 after acquiring an additional 75 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Biglari Holdings by 3.3% during the 1st quarter. Bank of New York Mellon Corp now owns 13,747 shares of the restaurant operator’s stock valued at $5,938,000 after acquiring an additional 444 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.
Separately, TheStreet raised Biglari Holdings from a “d+” rating to a “c-” rating in a research note on Monday, July 3rd.
Shares of Biglari Holdings Inc. (NYSE BH) opened at 317.24 on Monday. Biglari Holdings Inc. has a 52 week low of $290.05 and a 52 week high of $491.74. The firm’s 50-day moving average price is $318.84 and its 200 day moving average price is $386.69. The company has a market cap of $655.74 million, a P/E ratio of 24.12 and a beta of 0.37.
Biglari Holdings (NYSE:BH) last released its quarterly earnings data on Friday, August 4th. The restaurant operator reported $17.17 earnings per share for the quarter, beating the consensus estimate of $2.89 by $14.28. Biglari Holdings had a return on equity of 3.15% and a net margin of 1.92%. The company had revenue of $212.95 million for the quarter. On average, equities analysts predict that Biglari Holdings Inc. will post ($2.07) EPS for the current fiscal year.
Biglari Holdings Company Profile
Biglari Holdings Inc is a holding company owning subsidiaries engaged in various business activities, including media, property and casualty insurance, and restaurants The Company’s segments include Restaurant Operations, First Guard, Maxim, Other and Corporate. The Company’s restaurant operations’ activities are conducted through approximately two restaurant concepts operated by subsidiaries Steak n Shake Inc (Steak n Shake) and Western Sizzlin Corporation (Western).
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