Insider Selling: Biglari (NYSE:BH) Major Shareholder Sells $2,286,910.67 in Stock

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari sold 132,421 shares of Biglari stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $17.27, for a total transaction of $2,286,910.67. Following the completion of the transaction, the insider directly owned 3,644,979 shares in the company, valued at approximately $62,948,787.33. The trade was a 3.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 Thursday, July 2nd, Sardar Biglari sold 9,525 shares of Biglari stock. The stock was sold at an average price of $16.92, for a total value of $161,163.00.
• 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.
• On Friday, June 5th, Sardar Biglari purchased 535 shares of Biglari stock. The stock was acquired at an average price of $297.14 per share, with a total value of $158,969.90.
• On Thursday, June 4th, Sardar Biglari purchased 1,743 shares of Biglari stock. The stock was acquired at an average cost of $286.76 per share, with a total value of $499,822.68.
• On Thursday, May 14th, Sardar Biglari purchased 14,351 shares of Biglari stock. The stock was acquired at an average cost of $258.06 per share, with a total value of $3,703,419.06.
• On Wednesday, May 13th, Sardar Biglari purchased 15,358 shares of Biglari stock. The shares were acquired at an average price of $260.36 per share, for a total transaction of $3,998,608.88.
• On Tuesday, May 12th, Sardar Biglari acquired 22,965 shares of Biglari stock. The shares were bought at an average price of $249.84 per share, for a total transaction of $5,737,575.60.

Biglari Stock Performance

Shares of Biglari stock opened at $405.54 on Thursday. The firm has a market capitalization of $928.69 million, a P/E ratio of -5.57 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. The company has a 50 day moving average price of $322.37 and a 200 day moving average price of $347.60. Biglari Holdings Inc. has a 52 week low of $234.91 and a 52 week high of $483.60.

Biglari (NYSE:BH) last released its earnings results on Friday, May 8th. The restaurant operator reported ($55.81) EPS for the quarter. The company 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 Inflows and Outflows

Several institutional investors have recently modified their holdings of BH. Invesco Ltd. boosted its position in Biglari by 319.8% in 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. increased its holdings in Biglari by 20.9% in the 3rd 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. Bridgeway Capital Management LLC raised its position in Biglari by 4.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 17,676 shares of the restaurant operator’s stock worth $5,876,000 after buying an additional 732 shares during the last quarter. Peapod Lane Capital LLC raised its position in Biglari by 0.7% during the 4th quarter. Peapod Lane Capital LLC now owns 12,399 shares of the restaurant operator’s stock worth $4,122,000 after buying an additional 90 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in Biglari by 8.0% during the 4th quarter. Empowered Funds LLC now owns 11,607 shares of the restaurant operator’s stock valued at $3,859,000 after acquiring an additional 863 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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.