Hsbc Holdings PLC Takes Position in Biglari Holdings Inc. $BH

Hsbc Holdings PLC purchased a new position in shares of Biglari Holdings Inc. (NYSE:BH) in the fourth quarter, HoldingsChannel reports. The firm purchased 1,501 shares of the restaurant operator’s stock, valued at approximately $498,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Invesco Ltd. raised its holdings in Biglari by 319.8% in the 3rd quarter. Invesco Ltd. now owns 40,443 shares of the restaurant operator’s stock valued at $13,089,000 after buying an additional 30,810 shares during the period. JPMorgan Chase & Co. increased its position in shares of Biglari by 20.9% during the third quarter. JPMorgan Chase & Co. now owns 32,656 shares of the restaurant operator’s stock valued at $10,569,000 after acquiring an additional 5,650 shares during the last quarter. Bridgeway Capital Management LLC increased its position in shares of Biglari by 4.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 17,676 shares of the restaurant operator’s stock valued at $5,876,000 after acquiring an additional 732 shares during the last quarter. Peapod Lane Capital LLC raised its stake in shares of Biglari by 0.7% in the 4th quarter. Peapod Lane Capital LLC now owns 12,399 shares of the restaurant operator’s stock valued at $4,122,000 after acquiring an additional 90 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of Biglari by 8.0% in the 4th quarter. Empowered Funds LLC now owns 11,607 shares of the restaurant operator’s stock valued at $3,859,000 after acquiring an additional 863 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Biglari from a “sell” rating to a “hold” rating in a report on Sunday, May 17th.

Insider Activity at Biglari

In other news, major shareholder Sardar Biglari sold 132,421 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $17.27, for a total value of $2,286,910.67. Following the completion of the transaction, the insider owned 3,644,979 shares of the company’s stock, valued at approximately $62,948,787.33. This trade represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have purchased 54,952 shares of company stock valued at $14,098,396 and have sold 439,546 shares valued at $7,418,740. Insiders own 68.53% of the company’s stock.

Biglari Price Performance

BH opened at $392.31 on Friday. The stock’s 50-day moving average price is $332.67 and its 200 day moving average price is $348.84. Biglari Holdings Inc. has a 12-month low of $234.91 and a 12-month high of $483.60. The firm has a market cap of $898.38 million, a price-to-earnings ratio of -5.39 and a beta of 0.63. The company has a current ratio of 2.47, a quick ratio of 2.44 and a debt-to-equity ratio of 0.61.

Biglari (NYSE:BH) last released its earnings results on Friday, May 8th. The restaurant operator reported ($55.81) earnings per share for the quarter. The firm had revenue of $97.48 million during the quarter. Biglari had a negative net margin of 4.71% and a negative return on equity of 1.20%.

Biglari Company Profile

Biglari Holdings Inc is a diversified holding company that makes strategic investments and operates businesses across multiple industries, with a primary focus on the restaurant, insurance and media sectors. The company seeks to acquire controlling interests in undervalued enterprises and enhance long-term value through active management and operational improvements. Headquartered in San Antonio, Texas, Biglari Holdings approaches each acquisition with a value-oriented philosophy, emphasizing disciplined capital allocation and hands-on oversight.

In the restaurant segment, Biglari Holdings owns and operates Steak ‘n Shake, a national burger and milkshake chain founded in 1934, as well as Western Sizzlin, a buffet and steakhouse brand.