Biglari (NYSE:BH) Sees Strong Trading Volume Following Insider Buying Activity

Biglari Holdings Inc. (NYSE:BH) saw strong trading volume on Tuesday following insider buying activity. 5,781 shares traded hands during trading, an increase of 92% from the previous session’s volume of 3,004 shares.The stock last traded at $245.80 and had previously closed at $236.24.

Specifically, CEO Sardar Biglari bought 817 shares of Biglari stock in a transaction dated Monday, December 16th. The stock was purchased at an average cost of $366.99 per share, with a total value of $299,830.83. Following the transaction, the chief executive officer now directly owns 1,319,993 shares of the company’s stock, valued at approximately $484,424,231.07. The trade was a 0.06 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sardar Biglari purchased 516 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $738.70 per share, for a total transaction of $381,169.20. Following the acquisition, the chief executive officer now directly owns 1,319,162 shares in the company, valued at $974,464,969.40. This trade represents a 0.04 % increase in their position. The disclosure for this purchase can be found here.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Biglari from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th.

Biglari Stock Performance

The business has a fifty day moving average of $194.66 and a 200-day moving average of $187.10. The company has a market cap of $557.62 million, a PE ratio of 1.34 and a beta of 0.81. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17.

Institutional Trading of Biglari

Several large investors have recently bought and sold shares of the company. Innealta Capital LLC purchased a new stake in shares of Biglari in the 2nd quarter worth about $25,000. Ritholtz Wealth Management boosted its stake in Biglari by 40.4% during 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. Barclays PLC grew its holdings in Biglari by 78.6% in the third quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock worth $340,000 after purchasing an additional 869 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of Biglari by 2.0% during the third quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock valued at $760,000 after purchasing an additional 88 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Biglari by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock valued at $764,000 after purchasing an additional 130 shares during the last quarter. 74.30% of the stock is owned by 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.