Peapod Lane Capital LLC Takes Position in Biglari Holdings Inc. (NYSE:BH)

Peapod Lane Capital LLC acquired a new stake in Biglari Holdings Inc. (NYSE:BH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,571 shares of the restaurant operator’s stock, valued at approximately $3,705,000. Biglari accounts for 3.7% of Peapod Lane Capital LLC’s investment portfolio, making the stock its 4th largest holding. Peapod Lane Capital LLC owned approximately 0.64% of Biglari as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Atticus Wealth Management LLC purchased a new stake in Biglari during the fourth quarter worth $25,000. SG Americas Securities LLC acquired a new position in shares of Biglari during the 4th quarter worth $115,000. JPMorgan Chase & Co. boosted its position in shares of Biglari by 48.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock worth $145,000 after buying an additional 277 shares in the last quarter. Barclays PLC grew its stake in Biglari by 78.6% in the 3rd quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock valued at $340,000 after acquiring an additional 869 shares during the last quarter. Finally, Ritholtz Wealth Management increased its holdings in Biglari by 17.0% during the 4th quarter. Ritholtz Wealth Management now owns 1,404 shares of the restaurant operator’s stock valued at $357,000 after acquiring an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Biglari from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th.

Biglari Price Performance

Shares of NYSE:BH opened at $236.85 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.44 and a current ratio of 1.47. The business’s fifty day moving average price is $236.17 and its two-hundred day moving average price is $200.72. The stock has a market cap of $540.02 million, a PE ratio of 1.34 and a beta of 0.71. Biglari Holdings Inc. has a one year low of $145.95 and a one year high of $271.35.

Insider Activity

In other news, CEO Sardar Biglari acquired 384 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was acquired at an average price of $207.95 per share, with a total value of $79,852.80. Following the completion of the transaction, the chief executive officer now directly owns 1,309,161 shares in the company, valued at approximately $272,240,029.95. This represents a 0.03 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have purchased 12,320 shares of company stock worth $3,576,098 over the last three months. 71.40% of the stock is currently owned by corporate insiders.

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.