State Street Corp raised its position in Biglari Holdings Inc. (NYSE:BH) by 2.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 26,047 shares of the restaurant operator’s stock after acquiring an additional 720 shares during the period. State Street Corp owned approximately 1.26% of Biglari worth $10,413,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in BH. Texas Permanent School Fund boosted its position in shares of Biglari by 0.7% during the second quarter. Texas Permanent School Fund now owns 739 shares of the restaurant operator’s stock valued at $295,000 after buying an additional 5 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Biglari by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 3,855 shares of the restaurant operator’s stock valued at $1,541,000 after buying an additional 19 shares during the last quarter. Profund Advisors LLC boosted its position in shares of Biglari by 2.7% during the second quarter. Profund Advisors LLC now owns 765 shares of the restaurant operator’s stock valued at $306,000 after buying an additional 20 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Biglari by 4.7% during the second quarter. JPMorgan Chase & Co. now owns 553 shares of the restaurant operator’s stock valued at $221,000 after buying an additional 25 shares during the last quarter. Finally, Steinberg Global Asset Management boosted its position in shares of Biglari by 3.0% during the second quarter. Steinberg Global Asset Management now owns 1,191 shares of the restaurant operator’s stock valued at $476,000 after buying an additional 35 shares during the last quarter. 88.42% of the stock is owned by hedge funds and other institutional investors.

Separately, TheStreet cut Biglari from a “c” rating to a “d+” rating in a research report on Monday, November 6th.

Shares of Biglari Holdings Inc. (NYSE:BH) opened at $339.44 on Monday. The company has a market capitalization of $701.83, a price-to-earnings ratio of 8.02 and a beta of 0.39. Biglari Holdings Inc. has a fifty-two week low of $290.05 and a fifty-two week high of $491.74. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 0.51.

In other Biglari news, Director Sardar Biglari purchased 1,335 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The shares were acquired at an average cost of $334.76 per share, for a total transaction of $446,904.60. Following the completion of the acquisition, the director now owns 1 shares of the company’s stock, valued at approximately $334.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 6,558 shares of company stock worth $2,189,964 over the last quarter. 51.20% of the stock is currently owned by corporate insiders.

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Biglari Company Profile

Biglari Holdings Inc is a holding company owning subsidiaries engaged in various business activities, including media, property and casualty insurance, and restaurants The Company’s segments include Restaurant Operations, First Guard, Maxim, Other and Corporate. The Company’s restaurant operations’ activities are conducted through approximately two restaurant concepts operated by subsidiaries Steak n Shake Inc (Steak n Shake) and Western Sizzlin Corporation (Western).

Institutional Ownership by Quarter for Biglari (NYSE:BH)

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