Schwab Charles Investment Management Inc. Purchases 171 Shares of Biglari Holdings Inc. (BH)

Schwab Charles Investment Management Inc. boosted its position in shares of Biglari Holdings Inc. (NYSE:BH) by 4.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,836 shares of the restaurant operator’s stock after buying an additional 171 shares during the period. Schwab Charles Investment Management Inc. owned 0.19% of Biglari Holdings worth $1,658,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Biglari Holdings by 5.2% in the first quarter. Vanguard Group Inc. now owns 91,146 shares of the restaurant operator’s stock worth $39,374,000 after buying an additional 4,530 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Biglari Holdings by 21.4% in the first quarter. Dimensional Fund Advisors LP now owns 20,231 shares of the restaurant operator’s stock worth $8,738,000 after buying an additional 3,572 shares in the last quarter. TFS Capital LLC bought a new position in Biglari Holdings during the first quarter worth approximately $1,119,000. Strs Ohio bought a new position in Biglari Holdings during the first quarter worth approximately $734,000. Finally, Ameriprise Financial Inc. raised its position in Biglari Holdings by 12.8% in the first quarter. Ameriprise Financial Inc. now owns 13,774 shares of the restaurant operator’s stock worth $5,950,000 after buying an additional 1,562 shares in the last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

Biglari Holdings Inc. (BH) traded up 2.72% during trading on Friday, hitting $299.73. The company had a trading volume of 11,751 shares. The company’s 50 day moving average price is $355.11 and its 200-day moving average price is $399.59. Biglari Holdings Inc. has a 1-year low of $290.45 and a 1-year high of $491.74. The stock has a market capitalization of $619.54 million, a price-to-earnings ratio of 22.79 and a beta of 0.32.

Biglari Holdings (NYSE:BH) last released its earnings results on Friday, August 4th. The restaurant operator reported $17.17 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $14.28. The firm had revenue of $212.95 million for the quarter. Biglari Holdings had a return on equity of 3.15% and a net margin of 1.92%. On average, analysts expect that Biglari Holdings Inc. will post ($2.07) EPS for the current year.

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Separately, TheStreet lowered Biglari Holdings from a “c” rating to a “d+” rating in a research note on Wednesday, May 17th.

Biglari Holdings 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).

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