Biglari Holdings Inc. (NYSE:BH) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of Biglari Holdings Inc. (NYSE:BH - Free Report) by 1,809.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,135 shares of the restaurant operator's stock after purchasing an additional 15,290 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.71% of Biglari worth $4,103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Peapod Lane Capital LLC purchased a new stake in shares of Biglari in the fourth quarter valued at about $3,705,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Biglari by 0.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,887 shares of the restaurant operator's stock worth $3,023,000 after purchasing an additional 98 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Biglari by 1.6% during the fourth quarter. Empowered Funds LLC now owns 9,268 shares of the restaurant operator's stock worth $2,357,000 after purchasing an additional 150 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Biglari in the 4th quarter valued at $680,000. Finally, Charles Schwab Investment Management Inc. raised its position in Biglari by 5.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,327 shares of the restaurant operator's stock worth $592,000 after buying an additional 124 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Biglari Stock Performance

NYSE BH traded up $4.67 on Thursday, hitting $228.19. 7,272 shares of the company's stock were exchanged, compared to its average volume of 4,935. The firm has a market cap of $519.35 million, a price-to-earnings ratio of 1.29 and a beta of 0.75. The firm's 50-day moving average price is $220.48 and its two-hundred day moving average price is $216.34. Biglari Holdings Inc. has a fifty-two week low of $159.69 and a fifty-two week high of $271.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.44.

Biglari (NYSE:BH - Get Free Report) last released its quarterly earnings data on Saturday, March 1st. The restaurant operator reported ($36.60) earnings per share (EPS) for the quarter. Biglari had a return on equity of 16.03% and a net margin of 14.14%. The business had revenue of $91.12 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Biglari from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th.

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.