Rhumbline Advisers acquired a new position in shares of Biglari Holdings Inc (NYSE:BH) during the 1st quarter, Holdings Channel reports. The fund acquired 1,484 shares of the restaurant operator’s stock, valued at approximately $210,000.

A number of other large investors have also bought and sold shares of BH. Strs Ohio bought a new stake in Biglari during the first quarter worth about $197,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Biglari by 42.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,001 shares of the restaurant operator’s stock worth $682,000 after acquiring an additional 1,801 shares in the last quarter. Prudential Financial Inc. boosted its stake in Biglari by 4.0% during the fourth 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 in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Biglari by 15.2% during the third 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 in the last quarter.

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

In other news, Chairman Sardar Biglari bought 15,269 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were purchased at an average price of $144.26 per share, for a total transaction of $2,202,705.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders bought 26,480 shares of company stock worth $6,352,534. Insiders own 57.59% of the company’s stock.

Shares of NYSE BH opened at $104.84 on Friday. Biglari Holdings Inc has a 52-week low of $88.55 and a 52-week high of $204.99. 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 (NYSE:BH) last issued its earnings results on Friday, May 3rd. The restaurant operator reported $28.36 earnings per share (EPS) for the quarter. The firm had revenue of $181.86 million for the quarter. Biglari had a net margin of 3.93% and a return on equity of 5.58%.

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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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