Insider Selling: Biglari (NYSE:BH) Major Shareholder Sells 20,000 Shares

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari sold 20,000 shares of Biglari stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $16.73, for a total value of $334,600.00. Following the completion of the sale, the insider owned 106,422 shares in the company, valued at approximately $1,780,440.06. The trade was a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, August 5th, Sardar Biglari sold 80,000 shares of Biglari stock. The stock was sold at an average price of $16.90, for a total transaction of $1,352,000.00.
• On Thursday, July 30th, Sardar Biglari sold 546 shares of Biglari stock. The stock was sold at an average price of $16.70, for a total value of $9,118.20.
• On Wednesday, July 29th, Sardar Biglari sold 6,611 shares of Biglari stock. The shares were sold at an average price of $16.71, for a total transaction of $110,469.81.
• On Friday, July 17th, Sardar Biglari sold 11,000 shares of Biglari stock. The shares were sold at an average price of $16.71, for a total transaction of $183,810.00.
• On Monday, July 13th, Sardar Biglari sold 75,000 shares of Biglari stock. The stock was sold at an average price of $16.74, for a total transaction of $1,255,500.00.
• On Thursday, July 2nd, Sardar Biglari sold 9,525 shares of Biglari stock. The shares were sold at an average price of $16.92, for a total transaction of $161,163.00.
• On Wednesday, July 1st, Sardar Biglari sold 132,421 shares of Biglari stock. The shares were sold at an average price of $17.27, for a total value of $2,286,910.67.
• On Tuesday, June 30th, Sardar Biglari sold 22,600 shares of Biglari stock. The stock was sold at an average price of $16.91, for a total value of $382,166.00.
• On Monday, June 29th, Sardar Biglari sold 100,000 shares of Biglari stock. The stock was sold at an average price of $16.58, for a total value of $1,658,000.00.
• On Friday, June 26th, Sardar Biglari sold 100,000 shares of Biglari stock. The shares were sold at an average price of $16.75, for a total value of $1,675,000.00.

Biglari Trading Up 1.0%

NYSE:BH traded up $3.88 on Wednesday, reaching $396.92. The company’s stock had a trading volume of 119,854 shares, compared to its average volume of 100,315. Biglari Holdings Inc. has a 12-month low of $234.91 and a 12-month high of $483.60. The stock has a 50 day moving average price of $362.47 and a 200 day moving average price of $349.14. The firm has a market cap of $908.95 million, a price-to-earnings ratio of -5.45 and a beta of 0.63. The company has a quick ratio of 2.44, a current ratio of 2.47 and a debt-to-equity ratio of 0.61.

Biglari (NYSE:BH) last released its quarterly earnings results on Friday, May 8th. The restaurant operator reported ($55.81) earnings per share for the quarter. The business had revenue of $97.48 million for the quarter. Biglari had a negative return on equity of 1.20% and a negative net margin of 4.71%.

Institutional Trading of Biglari

A number of institutional investors and hedge funds have recently made changes to their positions in BH. Y Intercept Hong Kong Ltd bought a new stake in Biglari in the first quarter worth approximately $1,404,000. SG Americas Securities LLC acquired a new stake in Biglari in the 1st quarter valued at approximately $500,000. Swiss National Bank bought a new position in Biglari during the first quarter worth $475,000. Hsbc Holdings PLC bought a new stake in shares of Biglari in the fourth quarter valued at about $498,000. Finally, Strs Ohio grew its holdings in shares of Biglari by 5.6% during the 1st quarter. Strs Ohio now owns 1,900 shares of the restaurant operator’s stock worth $626,000 after purchasing an additional 100 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Biglari from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th.

Biglari Company Profile

Biglari Holdings Inc is a diversified holding company that makes strategic investments and operates businesses across multiple industries, with a primary focus on the restaurant, insurance and media sectors. The company seeks to acquire controlling interests in undervalued enterprises and enhance long-term value through active management and operational improvements. Headquartered in San Antonio, Texas, Biglari Holdings approaches each acquisition with a value-oriented philosophy, emphasizing disciplined capital allocation and hands-on oversight.

In the restaurant segment, Biglari Holdings owns and operates Steak ‘n Shake, a national burger and milkshake chain founded in 1934, as well as Western Sizzlin, a buffet and steakhouse brand.