Ethic Inc. Purchases New Position in Biglari Holdings Inc. (NYSE:BH)

Ethic Inc. purchased a new stake in Biglari Holdings Inc. (NYSE:BH) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 806 shares of the restaurant operator’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Deutsche Bank AG acquired a new position in Biglari in the 4th quarter valued at about $44,000. Bridgeway Capital Management LLC grew its stake in Biglari by 1.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 15,468 shares of the restaurant operator’s stock valued at $3,933,000 after buying an additional 150 shares during the last quarter. MetLife Investment Management LLC acquired a new position in Biglari in the 4th quarter valued at about $117,000. Invesco Ltd. acquired a new position in Biglari in the 4th quarter valued at about $4,019,000. Finally, Wells Fargo & Company MN grew its stake in Biglari by 28.2% in the 4th quarter. Wells Fargo & Company MN now owns 427 shares of the restaurant operator’s stock valued at $109,000 after buying an additional 94 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Biglari Stock Performance

Shares of NYSE:BH opened at $240.54 on Friday. The company’s 50 day moving average price is $220.83 and its two-hundred day moving average price is $224.19. Biglari Holdings Inc. has a 12-month low of $159.69 and a 12-month high of $271.35. The firm has a market cap of $547.46 million, a PE ratio of 1.36 and a beta of 0.74. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

Biglari (NYSE:BH) last announced its earnings results on Friday, May 9th. The restaurant operator reported $23.37 earnings per share (EPS) for the quarter. Biglari had a net margin of 14.14% and a return on equity of 16.03%. The firm had revenue of $95.04 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Biglari from a “buy” rating to a “hold” rating in a research note 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.