Sardar Biglari Sells 100,000 Shares of Biglari (NYSE:BH) Stock

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari sold 100,000 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of $16.75, for a total transaction of $1,675,000.00. Following the completion of the transaction, the insider directly owned 3,900,000 shares in the company, valued at $65,325,000. The trade was a 2.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 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 transaction 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 transaction of $1,658,000.00.
• On Friday, June 5th, Sardar Biglari bought 535 shares of Biglari stock. The stock was purchased at an average cost of $297.14 per share, for a total transaction of $158,969.90.
• On Thursday, June 4th, Sardar Biglari purchased 1,743 shares of Biglari stock. The shares were purchased at an average price of $286.76 per share, for a total transaction of $499,822.68.
• On Thursday, May 14th, Sardar Biglari purchased 14,351 shares of Biglari stock. The shares were purchased at an average price of $258.06 per share, for a total transaction of $3,703,419.06.
• On Wednesday, May 13th, Sardar Biglari purchased 15,358 shares of Biglari stock. The shares were purchased at an average cost of $260.36 per share, with a total value of $3,998,608.88.
• On Tuesday, May 12th, Sardar Biglari acquired 22,965 shares of Biglari stock. The stock was purchased at an average price of $249.84 per share, with a total value of $5,737,575.60.

Biglari Price Performance

Shares of Biglari stock traded down $10.38 during trading on Tuesday, hitting $426.95. 46,702 shares of the stock traded hands, compared to its average volume of 55,334. The stock has a market cap of $977.71 million, a price-to-earnings ratio of -5.86 and a beta of 0.71. 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 Holdings Inc. has a 52 week low of $234.91 and a 52 week high of $483.60. The firm’s fifty day moving average is $308.68 and its 200-day moving average is $343.88.

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

Institutional Trading of Biglari

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in shares of Biglari by 20.9% in 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. Polymer Capital Management US LLC purchased a new stake in Biglari during the 4th quarter valued at $389,000. American Century Companies Inc. bought a new stake in Biglari in the 2nd quarter worth $339,000. Wells Fargo & Company MN grew its holdings in Biglari by 9.5% in the 4th quarter. Wells Fargo & Company MN now owns 785 shares of the restaurant operator’s stock worth $261,000 after acquiring an additional 68 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of Biglari in the fourth quarter valued at about $214,000. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Biglari from a “sell” rating to a “hold” rating in a 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.