Peapod Lane Capital LLC Boosts Stake in Biglari Holdings Inc. $BH

Peapod Lane Capital LLC grew its stake in shares of Biglari Holdings Inc. (NYSE:BH) by 0.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,876 shares of the restaurant operator’s stock after buying an additional 47 shares during the quarter. Biglari makes up 4.1% of Peapod Lane Capital LLC’s holdings, making the stock its 4th biggest holding. Peapod Lane Capital LLC owned approximately 0.61% of Biglari worth $4,055,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Nuveen LLC acquired a new position in shares of Biglari during the first quarter worth $3,965,000. Bridgeway Capital Management LLC lifted its holdings in shares of Biglari by 1.1% during the first quarter. Bridgeway Capital Management LLC now owns 15,633 shares of the restaurant operator’s stock worth $3,385,000 after purchasing an additional 165 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Biglari by 1.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,029 shares of the restaurant operator’s stock worth $2,605,000 after purchasing an additional 142 shares during the period. Empowered Funds LLC lifted its holdings in shares of Biglari by 1.8% during the first quarter. Empowered Funds LLC now owns 9,433 shares of the restaurant operator’s stock worth $2,043,000 after purchasing an additional 165 shares during the period. Finally, Ritholtz Wealth Management lifted its holdings in shares of Biglari by 15.3% during the second quarter. Ritholtz Wealth Management now owns 3,746 shares of the restaurant operator’s stock worth $1,095,000 after purchasing an additional 496 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Biglari from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 13th.

Biglari Price Performance

Shares of NYSE BH opened at $375.66 on Friday. The firm’s 50-day moving average price is $325.74 and its 200-day moving average price is $285.53. Biglari Holdings Inc. has a 1-year low of $170.31 and a 1-year high of $381.83. The firm has a market capitalization of $856.50 million, a P/E ratio of 2.57 and a beta of 0.80. The company has a current ratio of 1.38, a quick ratio of 1.35 and a debt-to-equity ratio of 0.16.

Biglari (NYSE:BH) last announced its quarterly earnings data on Friday, August 8th. The restaurant operator reported $9.17 earnings per share for the quarter. Biglari had a net margin of 10.48% and a return on equity of 5.28%. The firm had revenue of $100.62 million for the quarter.

About Biglari

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.