Sardar Biglari Buys 5,145 Shares of Biglari Holdings Inc. (NYSE:BH) Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari purchased 5,145 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $240.96 per share, with a total value of $1,239,739.20. Following the purchase, the chief executive officer now directly owns 1,302,770 shares in the company, valued at $313,915,459.20. This trade represents a 0.40 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, November 14th, Sardar Biglari acquired 4,663 shares of Biglari stock. The shares were acquired at an average cost of $328.48 per share, for a total transaction of $1,531,702.24.
• On Tuesday, November 12th, Sardar Biglari bought 4,994 shares of Biglari stock. The stock was acquired at an average price of $247.33 per share, with a total value of $1,235,166.02.

Biglari Trading Down 1.0 %

Shares of BH opened at $208.50 on Friday. The business’s 50-day moving average price is $177.36 and its 200-day moving average price is $184.87. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Biglari Holdings Inc. has a twelve month low of $143.40 and a twelve month high of $219.00. The stock has a market cap of $475.38 million, a PE ratio of 1.18 and a beta of 0.71.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Biglari

Several institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in shares of Biglari by 81.6% in the first quarter. BNP Paribas Financial Markets now owns 356 shares of the restaurant operator’s stock worth $68,000 after purchasing an additional 160 shares during the period. Virtu Financial LLC bought a new position in Biglari in the 1st quarter worth about $223,000. Bank of New York Mellon Corp raised its holdings in shares of Biglari by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock valued at $764,000 after acquiring an additional 130 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Biglari during the 2nd quarter valued at about $25,000. Finally, Ritholtz Wealth Management grew its holdings in shares of 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 purchasing an additional 441 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other 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.