Deutsche Bank AG boosted its stake in shares of Biglari Holdings (NYSE:BH) by 49.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,258 shares of the restaurant operator’s stock after purchasing an additional 752 shares during the quarter. Deutsche Bank AG owned about 0.11% of Biglari worth $934,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Aperio Group LLC bought a new stake in shares of Biglari in the fourth quarter valued at approximately $247,000. Citadel Advisors LLC bought a new stake in shares of Biglari in the fourth quarter valued at approximately $346,000. Crossmark Global Holdings Inc. bought a new stake in shares of Biglari in the fourth quarter valued at approximately $417,000. Tower Research Capital LLC TRC boosted its position in shares of Biglari by 164.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,073 shares of the restaurant operator’s stock valued at $445,000 after acquiring an additional 668 shares during the period. Finally, Arizona State Retirement System bought a new stake in shares of Biglari in the fourth quarter valued at approximately $706,000. 91.61% of the stock is owned by hedge funds and other institutional investors.
BH opened at $205.63 on Wednesday. Biglari Holdings has a 1-year low of $195.09 and a 1-year high of $443.80. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.78 and a current ratio of 0.83.
Biglari (NYSE:BH) last posted its quarterly earnings data on Monday, February 26th. The restaurant operator reported $56.97 earnings per share for the quarter. Biglari had a return on equity of 11.88% and a net margin of 7.64%. The company had revenue of $209.22 million during the quarter.
In other Biglari news, Director Sardar Biglari acquired 1,984 shares of Biglari stock in a transaction dated Tuesday, February 27th. The stock was bought at an average cost of $419.76 per share, with a total value of $832,803.84. Following the completion of the transaction, the director now owns 1 shares of the company’s stock, valued at $419.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 13,025 shares of company stock valued at $5,348,718 over the last three months. 54.80% of the stock is owned by company insiders.
Biglari Holdings Inc, through its subsidiaries, operates and franchises restaurants in the United States. The company owns, operates, and franchises restaurants under restaurant concepts, including Steak n Shake, an American brand serving premium burgers and milk shakes; and Western, which offers signature steak dishes and other classic American menu items, as well operates other concepts, such as Great American Steak & Buffet and Wood Grill Buffet consisting of hot and cold food buffet style dining.
Receive News & Ratings for Biglari Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Biglari and related companies with MarketBeat.com's FREE daily email newsletter.