Biglari Holdings Inc. (NYSE:BH) CEO Buys $794,585.54 in Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari acquired 2,422 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was bought at an average price of $328.07 per share, with a total value of $794,585.54. Following the acquisition, the chief executive officer now directly owns 1,312,054 shares in the company, valued at $430,445,555.78. This represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Friday, November 22nd, Sardar Biglari bought 384 shares of Biglari stock. The shares were bought at an average price of $207.95 per share, for a total transaction of $79,852.80.
• On Wednesday, November 20th, Sardar Biglari purchased 857 shares of Biglari stock. The stock was bought at an average price of $210.96 per share, with a total value of $180,792.72.
• On Monday, November 18th, Sardar Biglari acquired 5,145 shares of Biglari stock. The stock was bought at an average cost of $240.96 per share, with a total value of $1,239,739.20.
• On Thursday, November 14th, Sardar Biglari bought 4,663 shares of Biglari stock. The shares were purchased at an average price of $328.48 per share, for a total transaction of $1,531,702.24.
• On Tuesday, November 12th, Sardar Biglari acquired 4,994 shares of Biglari stock. The stock was purchased at an average cost of $247.33 per share, with a total value of $1,235,166.02.

Biglari Stock Performance

Shares of NYSE BH opened at $210.43 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $479.78 million, a P/E ratio of 1.19 and a beta of 0.71. Biglari Holdings Inc. has a 12 month low of $144.20 and a 12 month high of $219.00. The stock has a 50 day moving average of $180.98 and a 200-day moving average of $185.03.

Hedge Funds Weigh In On Biglari

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new position in shares of Biglari in the second quarter valued at about $25,000. Virtu Financial LLC acquired a new position in Biglari in the 1st quarter valued at about $223,000. Ritholtz Wealth Management raised its holdings in Biglari by 40.4% in the 2nd quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock valued at $296,000 after acquiring an additional 441 shares during the period. Barclays PLC lifted its position in Biglari by 78.6% during the third quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock worth $340,000 after acquiring an additional 869 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted 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 worth $764,000 after acquiring an additional 130 shares during the period. 74.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Biglari from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th.

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.