Insider Buying: Biglari (NYSE:BH) CEO Acquires 212 Shares of Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari acquired 212 shares of Biglari stock in a transaction that occurred on Monday, December 15th. The stock was purchased at an average price of $698.01 per share, with a total value of $147,978.12. Following the transaction, the chief executive officer owned 1,332,629 shares of the company’s stock, valued at $930,188,368.29. This trade represents a 0.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, December 16th, Sardar Biglari acquired 156 shares of Biglari stock. The stock was purchased at an average cost of $1,599.87 per share, with a total value of $249,579.72.
• On Friday, December 12th, Sardar Biglari bought 449 shares of Biglari stock. The shares were acquired at an average price of $333.14 per share, for a total transaction of $149,579.86.
• On Wednesday, December 10th, Sardar Biglari bought 310 shares of Biglari stock. The stock was acquired at an average cost of $321.94 per share, for a total transaction of $99,801.40.
• On Tuesday, December 9th, Sardar Biglari purchased 938 shares of Biglari stock. The stock was acquired at an average cost of $319.08 per share, with a total value of $299,297.04.
• On Monday, December 8th, Sardar Biglari acquired 973 shares of Biglari stock. The shares were acquired at an average price of $315.08 per share, with a total value of $306,572.84.
• 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, with a total value of $449,608.50.
• On Thursday, December 4th, Sardar Biglari bought 1,139 shares of Biglari stock. The stock was acquired at an average cost of $306.05 per share, with a total value of $348,590.95.
• On Wednesday, December 3rd, Sardar Biglari acquired 2,802 shares of Biglari stock. The shares were 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 shares were bought at an average cost of $393.35 per share, for a total transaction of $799,287.20.

Biglari Trading Down 0.3%

Shares of BH stock traded down $0.93 on Tuesday, reaching $323.64. The company had a trading volume of 123,623 shares, compared to its average volume of 100,560. Biglari Holdings Inc. has a 12 month low of $195.05 and a 12 month high of $381.83. The company has a current ratio of 2.83, a quick ratio of 2.80 and a debt-to-equity ratio of 0.54. The stock has a market cap of $737.90 million, a PE ratio of 28.92 and a beta of 0.82. The company has a 50-day moving average of $333.24 and a 200-day moving average of $311.03.

Institutional Trading of Biglari

Several large investors have recently made changes to their positions in BH. Invesco Ltd. boosted its position in shares of Biglari by 319.8% during the third quarter. Invesco Ltd. now owns 40,443 shares of the restaurant operator’s stock valued at $13,089,000 after buying an additional 30,810 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Biglari by 20.9% during the third quarter. JPMorgan Chase & Co. now owns 32,656 shares of the restaurant operator’s stock valued at $10,569,000 after buying an additional 5,650 shares during the last quarter. Nuveen LLC purchased a new position in shares of Biglari in the first quarter worth about $3,965,000. Bridgeway Capital Management LLC increased its holdings in 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 buying an additional 666 shares in the last quarter. Finally, Peapod Lane Capital LLC grew its holdings in Biglari by 0.3% in the 2nd quarter. Peapod Lane Capital LLC now owns 13,876 shares of the restaurant operator’s stock valued at $4,055,000 after buying an additional 47 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.