Biglari Holdings Inc (BH) Stake Raised by Ironwood Investment Management LLC

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Ironwood Investment Management LLC raised its holdings in Biglari Holdings Inc (NYSE:BH) by 3.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,479 shares of the restaurant operator’s stock after buying an additional 121 shares during the quarter. Ironwood Investment Management LLC’s holdings in Biglari were worth $492,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its position in Biglari by 25.0% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,501 shares of the restaurant operator’s stock worth $1,060,000 after acquiring an additional 1,500 shares during the last quarter. Rhumbline Advisers bought a new position in Biglari during the 1st quarter worth approximately $210,000. Strs Ohio bought a new position in Biglari during the 1st quarter worth approximately $197,000. Prudential Financial Inc. grew its position in Biglari by 4.0% during the 4th quarter. Prudential Financial Inc. now owns 11,287 shares of the restaurant operator’s stock worth $1,281,000 after acquiring an additional 429 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Biglari by 15.2% during the 3rd quarter. Vanguard Group Inc. now owns 124,281 shares of the restaurant operator’s stock worth $30,279,000 after acquiring an additional 16,367 shares during the last quarter.

Separately, TheStreet upgraded Biglari from a “d+” rating to a “c-” rating in a research report on Friday, March 8th.

In other Biglari news, Chairman Sardar Biglari acquired 1,980 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were purchased at an average cost of $370.45 per share, for a total transaction of $733,491.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 57.59% of the stock is owned by company insiders.

BH opened at $100.45 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.61 and a current ratio of 0.66. Biglari Holdings Inc has a 1 year low of $99.09 and a 1 year high of $219.03.

Biglari (NYSE:BH) last posted its quarterly earnings results on Friday, May 3rd. The restaurant operator reported $28.36 earnings per share (EPS) for the quarter. Biglari had a return on equity of 5.58% and a net margin of 3.93%. The business had revenue of $181.86 million for the quarter.

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Biglari Company Profile

Biglari Holdings Inc, through its subsidiaries, primarily operates and franchises restaurants in the United States. The company owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. As of December 31, 2018, it operated 413 Steak n Shake company-operated restaurants and 213 franchised units; and 4 Western Sizzlin company-operated restaurants and 55 franchised units.

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Institutional Ownership by Quarter for Biglari (NYSE:BH)

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