Biglari Holdings Inc. (NYSE:BH) Major Shareholder Purchases $777,654.14 in Stock

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari bought 62,362 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average cost of $12.47 per share, with a total value of $777,654.14. Following the completion of the purchase, the insider now directly owns 87,362 shares of the company’s stock, valued at approximately $1,089,404.14. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Sardar Biglari also recently made the following trade(s):

• On Wednesday, August 21st, Sardar Biglari acquired 43,161 shares of Biglari stock. The shares were bought at an average cost of $13.59 per share, with a total value of $586,557.99.
• On Monday, August 19th, Sardar Biglari bought 62,329 shares of Biglari stock. The stock was purchased at an average cost of $13.46 per share, for a total transaction of $838,948.34.
• On Friday, August 16th, Sardar Biglari purchased 21,325 shares of Biglari stock. The shares were purchased at an average cost of $13.13 per share, with a total value of $279,997.25.

Biglari Price Performance

BH stock opened at $179.13 on Friday. Biglari Holdings Inc. has a 52 week low of $137.01 and a 52 week high of $219.00. The firm has a market capitalization of $407.70 million, a P/E ratio of 4.01 and a beta of 0.74. The company has a fifty day simple moving average of $187.34 and a two-hundred day simple moving average of $189.18. The company has a quick ratio of 1.39, a current ratio of 1.42 and a debt-to-equity ratio of 0.15.

Analyst Ratings Changes

Separately, StockNews.com cut Biglari from a “buy” rating to a “hold” rating in a report on Monday, August 12th.

Institutional Trading of Biglari

Several hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP increased its stake in Biglari by 5.5% during the first quarter. GSA Capital Partners LLP now owns 2,406 shares of the restaurant operator’s stock worth $456,000 after acquiring an additional 125 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Biglari by 18.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 2,579 shares of the restaurant operator’s stock valued at $425,000 after purchasing an additional 395 shares during the last quarter. Virtu Financial LLC purchased a new stake in Biglari during the 1st quarter valued at $223,000. Empowered Funds LLC lifted its position in Biglari by 6.9% in the first quarter. Empowered Funds LLC now owns 8,176 shares of the restaurant operator’s stock worth $1,551,000 after buying an additional 525 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Biglari by 81.6% in the first quarter. BNP Paribas Financial Markets now owns 356 shares of the restaurant operator’s stock worth $68,000 after buying an additional 160 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Biglari Company Profile

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.