SG Americas Securities LLC Purchases Shares of 1,517 Biglari Holdings Inc. $BH

SG Americas Securities LLC purchased a new position in shares of Biglari Holdings Inc. (NYSE:BH) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,517 shares of the restaurant operator’s stock, valued at approximately $500,000. SG Americas Securities LLC owned about 0.07% of Biglari at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Jones Financial Companies Lllp purchased a new position in shares of Biglari in the 1st quarter valued at about $64,000. Empowered Funds LLC raised its position in shares of Biglari by 1.8% during the 1st quarter. Empowered Funds LLC now owns 9,433 shares of the restaurant operator’s stock worth $2,043,000 after acquiring an additional 165 shares in the last quarter. Jane Street Group LLC purchased a new stake in Biglari during the first quarter worth approximately $257,000. American Century Companies Inc. purchased a new stake in Biglari during the second quarter worth approximately $339,000. Finally, Invesco Ltd. acquired a new position in Biglari in the second quarter valued at approximately $2,815,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Biglari from a “sell” rating to a “hold” rating in a report on Sunday, May 17th.

Biglari Trading Down 1.6%

BH opened at $405.54 on Thursday. The firm has a market cap of $928.69 million, a price-to-earnings ratio of -5.57 and a beta of 0.63. Biglari Holdings Inc. has a 52 week low of $234.91 and a 52 week high of $483.60. The business’s 50 day moving average is $322.37 and its two-hundred day moving average is $347.60. The company has a quick ratio of 2.44, a current ratio of 2.47 and a debt-to-equity ratio of 0.61.

Biglari (NYSE:BH) last posted its quarterly earnings data on Friday, May 8th. The restaurant operator reported ($55.81) earnings per share for the quarter. The firm had revenue of $97.48 million during the quarter. Biglari had a negative net margin of 4.71% and a negative return on equity of 1.20%.

Insider Buying and Selling

In related news, major shareholder Sardar Biglari sold 9,525 shares of the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $16.92, for a total transaction of $161,163.00. Following the completion of the sale, the insider owned 3,635,454 shares in the company, valued at $61,511,881.68. This represents a 0.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have acquired 54,952 shares of company stock valued at $14,098,396 and have sold 364,546 shares valued at $6,163,240. 68.53% of the stock is currently owned by company insiders.

Biglari Company Profile

Biglari Holdings Inc is a diversified holding company that makes strategic investments and operates businesses across multiple industries, with a primary focus on the restaurant, insurance and media sectors. The company seeks to acquire controlling interests in undervalued enterprises and enhance long-term value through active management and operational improvements. Headquartered in San Antonio, Texas, Biglari Holdings approaches each acquisition with a value-oriented philosophy, emphasizing disciplined capital allocation and hands-on oversight.

In the restaurant segment, Biglari Holdings owns and operates Steak ‘n Shake, a national burger and milkshake chain founded in 1934, as well as Western Sizzlin, a buffet and steakhouse brand.