MetLife Investment Management LLC Buys Shares of 459 Biglari Holdings Inc. (NYSE:BH)

MetLife Investment Management LLC bought a new position in shares of Biglari Holdings Inc. (NYSE:BH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 459 shares of the restaurant operator’s stock, valued at approximately $117,000.

A number of other large investors have also recently made changes to their positions in the stock. Atticus Wealth Management LLC purchased a new position in Biglari in the fourth quarter worth $25,000. Wells Fargo & Company MN increased its position in shares of Biglari by 28.2% during the 4th quarter. Wells Fargo & Company MN now owns 427 shares of the restaurant operator’s stock valued at $109,000 after purchasing an additional 94 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Biglari during the 4th quarter valued at about $115,000. JPMorgan Chase & Co. lifted its position in 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 during the last quarter. Finally, Alliancebernstein L.P. purchased a new stake in Biglari in the fourth quarter worth approximately $209,000. 74.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered Biglari from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th.

Biglari Trading Down 1.6 %

NYSE:BH opened at $239.36 on Friday. The firm has a market capitalization of $544.78 million, a P/E ratio of 1.36 and a beta of 0.74. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $218.99 and a 200 day moving average of $221.59. Biglari Holdings Inc. has a 52 week low of $159.69 and a 52 week high of $271.35.

Biglari (NYSE:BH) last posted its earnings results on Friday, May 9th. The restaurant operator reported $23.37 earnings per share (EPS) for the quarter. Biglari had a return on equity of 16.03% and a net margin of 14.14%.

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.