JPMorgan Chase & Co. Has $10.57 Million Stock Holdings in Biglari Holdings Inc. $BH

JPMorgan Chase & Co. boosted its position in shares of Biglari Holdings Inc. (NYSE:BH) by 20.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 32,656 shares of the restaurant operator’s stock after buying an additional 5,650 shares during the quarter. JPMorgan Chase & Co.’s holdings in Biglari were worth $10,569,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in BH. Russell Investments Group Ltd. raised its stake in shares of Biglari by 608.3% during the third quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator’s stock worth $28,000 after buying an additional 73 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Biglari by 128.2% in the third quarter. Jones Financial Companies Lllp now owns 89 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 50 shares during the period. CWM LLC boosted its stake in Biglari by 148.7% in the third quarter. CWM LLC now owns 97 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 58 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Biglari in the third quarter valued at approximately $34,000. Finally, Police & Firemen s Retirement System of New Jersey grew its holdings in Biglari by 41.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 171 shares of the restaurant operator’s stock worth $50,000 after acquiring an additional 50 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Biglari

In other news, CEO Sardar Biglari purchased 2,810 shares of the company’s stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $302.20 per share, with a total value of $849,182.00. Following the purchase, the chief executive officer directly owned 1,345,430 shares of the company’s stock, valued at $406,588,946. This trade represents a 0.21% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have acquired 9,717 shares of company stock worth $2,978,074 in the last quarter. Company insiders own 68.53% of the company’s stock.

Biglari Stock Down 4.5%

Shares of Biglari stock opened at $305.75 on Friday. The business has a fifty day simple moving average of $369.58 and a 200 day simple moving average of $351.16. The stock has a market cap of $700.16 million, a PE ratio of -2.13 and a beta of 0.81. The company has a quick ratio of 2.40, a current ratio of 2.43 and a debt-to-equity ratio of 0.60. Biglari Holdings Inc. has a 12 month low of $195.05 and a 12 month high of $483.60.

Biglari (NYSE:BH) last issued its earnings results on Saturday, February 28th. The restaurant operator reported ($2.38) EPS for the quarter. Biglari had a negative net margin of 9.48% and a positive return on equity of 2.51%. The firm had revenue of $99.87 million during the quarter.

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.