Sardar Biglari Acquires 4,663 Shares of Biglari Holdings Inc. (NYSE:BH) Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari purchased 4,663 shares of Biglari stock in a transaction dated Thursday, November 14th. The shares were purchased at an average cost of $328.48 per share, with a total value of $1,531,702.24. Following the acquisition, the chief executive officer now owns 1,292,670 shares of the company’s stock, valued at approximately $424,616,241.60. This trade represents a 0.36 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, November 12th, Sardar Biglari purchased 4,994 shares of Biglari stock. The shares were purchased at an average cost of $247.33 per share, with a total value of $1,235,166.02.
• On Wednesday, August 21st, Sardar Biglari purchased 43,161 shares of Biglari stock. The shares were purchased at an average cost of $13.59 per share, with a total value of $586,557.99.
• On Monday, August 19th, Sardar Biglari acquired 62,329 shares of Biglari stock. The shares were bought at an average price of $13.46 per share, for a total transaction of $838,948.34.
• On Friday, August 16th, Sardar Biglari acquired 21,325 shares of Biglari stock. The shares were bought at an average price of $13.13 per share, for a total transaction of $279,997.25.

Biglari Stock Performance

Shares of NYSE BH traded up $8.16 during midday trading on Thursday, reaching $212.16. 14,599 shares of the company traded hands, compared to its average volume of 2,459. Biglari Holdings Inc. has a 52 week low of $142.01 and a 52 week high of $219.00. The stock has a 50-day moving average price of $173.04 and a 200 day moving average price of $184.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.40. The company has a market cap of $483.72 million, a price-to-earnings ratio of 1.20 and a beta of 0.71.

Institutional Investors Weigh In On Biglari

Several hedge funds and other institutional investors have recently bought and sold shares of BH. BNP Paribas Financial Markets raised 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 acquiring an additional 160 shares in the last quarter. Virtu Financial LLC bought a new stake in Biglari in the first quarter worth about $223,000. Bank of New York Mellon Corp raised its position in Biglari by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock worth $764,000 after acquiring an additional 130 shares in the last quarter. Innealta Capital LLC bought a new stake in Biglari in the second quarter worth about $25,000. Finally, Ritholtz Wealth Management raised its position in Biglari by 40.4% in the second quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock worth $296,000 after acquiring an additional 441 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Biglari from a “hold” rating to a “strong-buy” rating in a research note on Monday.

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.