Shares of Biglari Holdings Inc. (NYSE:BH) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $290.05 and last traded at $291.07, with a volume of 4,434 shares. The stock had previously closed at $301.37.

Separately, TheStreet raised Biglari Holdings from a “d+” rating to a “c-” rating in a research note on Monday, July 3rd.

The stock has a 50 day moving average price of $335.38 and a 200-day moving average price of $392.69. The firm has a market capitalization of $613.82 million, a price-to-earnings ratio of 22.58 and a beta of 0.37.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio acquired a new position in Biglari Holdings in the first quarter valued at approximately $734,000. Ameriprise Financial Inc. raised its position in shares of Biglari Holdings by 12.8% during the first quarter. Ameriprise Financial Inc. now owns 13,774 shares of the restaurant operator’s stock worth $5,950,000 after purchasing an additional 1,562 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Biglari Holdings during the first quarter worth approximately $209,000. Texas Permanent School Fund raised its position in shares of Biglari Holdings by 0.7% during the second quarter. Texas Permanent School Fund now owns 739 shares of the restaurant operator’s stock worth $295,000 after purchasing an additional 5 shares during the period. Finally, Comerica Bank raised its position in shares of Biglari Holdings by 3.7% during the first quarter. Comerica Bank now owns 954 shares of the restaurant operator’s stock worth $423,000 after purchasing an additional 34 shares during the period. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

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About Biglari Holdings

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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