Sardar Biglari Buys 1,139 Shares of Biglari (NYSE:BH) Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari acquired 1,139 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was purchased at an average cost of $306.05 per share, with a total value of $348,590.95. Following the acquisition, the chief executive officer directly owned 1,328,342 shares of the company’s stock, valued at $406,539,069.10. This trade represents a 0.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, December 5th, Sardar Biglari bought 1,465 shares of Biglari stock. The stock was acquired at an average price of $306.90 per share, for a total transaction of $449,608.50.
• On Wednesday, December 3rd, Sardar Biglari bought 2,802 shares of Biglari stock. The stock was bought at an average cost of $303.32 per share, for a total transaction of $849,902.64.
• On Monday, November 24th, Sardar Biglari acquired 2,032 shares of Biglari stock. The stock was bought at an average price of $393.35 per share, for a total transaction of $799,287.20.

Biglari Trading Down 1.7%

Shares of BH traded down $5.36 during midday trading on Friday, hitting $304.11. 27,151 shares of the stock were exchanged, compared to its average volume of 23,437. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.80 and a current ratio of 2.83. The firm has a market cap of $693.36 million, a P/E ratio of 27.18 and a beta of 0.82. Biglari Holdings Inc. has a 52-week low of $195.05 and a 52-week high of $381.83. The stock has a fifty day simple moving average of $334.55 and a 200 day simple moving average of $306.00.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Biglari from a “buy” rating to a “hold” rating in a report on Saturday, November 15th.

Institutional Investors Weigh In On Biglari

Several hedge funds and other institutional investors have recently bought and sold shares of BH. Invesco Ltd. grew its holdings in shares of Biglari by 319.8% during the third quarter. Invesco Ltd. now owns 40,443 shares of the restaurant operator’s stock worth $13,089,000 after purchasing an additional 30,810 shares during the last quarter. JPMorgan Chase & Co. increased its position in Biglari by 20.9% during the third quarter. JPMorgan Chase & Co. now owns 32,656 shares of the restaurant operator’s stock worth $10,569,000 after buying an additional 5,650 shares during the period. Nuveen LLC purchased a new stake in Biglari in the first quarter valued at approximately $3,965,000. Bridgeway Capital Management LLC boosted its holdings in shares of Biglari by 4.1% in the third quarter. Bridgeway Capital Management LLC now owns 16,944 shares of the restaurant operator’s stock valued at $5,484,000 after acquiring an additional 666 shares during the period. Finally, Peapod Lane Capital LLC grew its position in shares of Biglari by 0.3% during the second quarter. Peapod Lane Capital LLC now owns 13,876 shares of the restaurant operator’s stock worth $4,055,000 after acquiring an additional 47 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

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.