Peapod Lane Capital LLC Takes Position in Biglari Holdings Inc. (NYSE:BH)

Peapod Lane Capital LLC acquired a new position in shares of Biglari Holdings Inc. (NYSE:BH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,571 shares of the restaurant operator's stock, valued at approximately $3,705,000. Biglari comprises approximately 3.7% of Peapod Lane Capital LLC's holdings, making the stock its 4th largest holding. Peapod Lane Capital LLC owned 0.64% of Biglari at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BH. Allspring Global Investments Holdings LLC acquired a new position in shares of Biglari in the 4th quarter worth approximately $680,000. Barclays PLC raised its holdings in shares of Biglari by 78.6% in the 3rd quarter. Barclays PLC now owns 1,974 shares of the restaurant operator's stock valued at $340,000 after buying an additional 869 shares during the period. SG Americas Securities LLC acquired a new position in Biglari during the 4th quarter worth about $115,000. Empowered Funds LLC boosted its holdings in Biglari by 4.6% during the 3rd quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator's stock valued at $1,568,000 after acquiring an additional 402 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Biglari by 48.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator's stock valued at $145,000 after acquiring an additional 277 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Sardar Biglari acquired 384 shares of the business's stock in a transaction on Friday, November 22nd. The shares were bought at an average price of $207.95 per share, with a total value of $79,852.80. Following the completion of the acquisition, the chief executive officer now owns 1,309,161 shares in the company, valued at $272,240,029.95. This trade represents a 0.03 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders have bought 7,175 shares of company stock worth $2,336,359. 71.40% of the stock is currently owned by corporate insiders.

Biglari Stock Down 0.2 %

NYSE:BH traded down $0.57 during mid-day trading on Monday, hitting $242.31. The stock had a trading volume of 1,987 shares, compared to its average volume of 4,150. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17. Biglari Holdings Inc. has a twelve month low of $149.92 and a twelve month high of $271.35. The company has a market capitalization of $552.46 million, a PE ratio of 1.37 and a beta of 0.71. The stock has a 50-day simple moving average of $236.68 and a two-hundred day simple moving average of $201.34.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Biglari from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 5th.

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.