Janus Henderson Group PLC Invests $42.36 Million in Biglari Holdings Inc. (BH) Stock
Janus Henderson Group PLC purchased a new stake in shares of Biglari Holdings Inc. (NYSE:BH) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 105,979 shares of the restaurant operator’s stock, valued at approximately $42,364,000. Janus Henderson Group PLC owned 5.13% of Biglari Holdings as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of BH. Texas Permanent School Fund grew its position in shares of Biglari Holdings by 0.7% during the second quarter. Texas Permanent School Fund now owns 739 shares of the restaurant operator’s stock valued at $295,000 after purchasing an additional 5 shares in the last quarter. Mason Street Advisors LLC grew its position in shares of Biglari Holdings by 7.2% during the first quarter. Mason Street Advisors LLC now owns 237 shares of the restaurant operator’s stock valued at $102,000 after purchasing an additional 16 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Biglari Holdings by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 3,855 shares of the restaurant operator’s stock valued at $1,541,000 after purchasing an additional 19 shares in the last quarter. Profund Advisors LLC grew its position in shares of Biglari Holdings by 2.7% during the second quarter. Profund Advisors LLC now owns 765 shares of the restaurant operator’s stock valued at $306,000 after purchasing an additional 20 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Biglari Holdings by 4.7% during the second quarter. JPMorgan Chase & Co. now owns 553 shares of the restaurant operator’s stock valued at $221,000 after purchasing an additional 25 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.
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In related news, Director Sardar Biglari purchased 250 shares of Biglari Holdings stock in a transaction that occurred on Wednesday, October 11th. The stock was purchased at an average price of $334.97 per share, for a total transaction of $83,742.50. Following the transaction, the director now directly owns 1 shares in the company, valued at $334.97. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders have purchased 1,916 shares of company stock valued at $641,281. Insiders own 51.20% of the company’s stock.
Separately, TheStreet upgraded Biglari Holdings from a “d+” rating to a “c-” rating in a research report on Monday, July 3rd.
Biglari Holdings Inc. (NYSE:BH) opened at 339.47 on Friday. Biglari Holdings Inc. has a 12 month low of $290.05 and a 12 month high of $491.74. The stock has a market cap of $701.68 million, a price-to-earnings ratio of 25.82 and a beta of 0.39. The stock’s 50 day moving average price is $317.93 and its 200-day moving average price is $373.79.
Biglari Holdings (NYSE:BH) last released its quarterly earnings results on Friday, August 4th. The restaurant operator reported $17.17 earnings per share for the quarter, topping the consensus estimate of $2.89 by $14.28. Biglari Holdings had a net margin of 1.92% and a return on equity of 3.15%. The firm had revenue of $212.95 million during the quarter. Equities analysts expect that Biglari Holdings Inc. will post ($2.07) EPS for the current 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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