Biglari (NYSE:BH) Major Shareholder Sardar Biglari Sells 75,000 Shares

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari sold 75,000 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $16.74, for a total transaction of $1,255,500.00. Following the transaction, the insider directly owned 3,560,454 shares of the company’s stock, valued at $59,601,999.96. This represents a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock 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 transaction of $161,163.00.
• On Wednesday, July 1st, Sardar Biglari sold 132,421 shares of Biglari stock. The stock was sold at an average price of $17.27, for a total transaction of $2,286,910.67.
• On Tuesday, June 30th, Sardar Biglari sold 22,600 shares of Biglari stock. The shares were 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 shares were 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 bought 535 shares of Biglari stock. The stock was purchased at an average price 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, with a total value of $499,822.68.
• On Thursday, May 14th, Sardar Biglari bought 14,351 shares of Biglari stock. The shares were acquired at an average price 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 stock was purchased at an average cost 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 purchased at an average cost of $249.84 per share, with a total value of $5,737,575.60.

Biglari Price Performance

Biglari stock traded down $9.71 during midday trading on Tuesday, reaching $380.43. 16,393 shares of the stock were exchanged, compared to its average volume of 88,889. The company’s fifty day moving average is $327.28 and its 200-day moving average is $348.25. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.44 and a current ratio of 2.47. Biglari Holdings Inc. has a 52 week low of $234.91 and a 52 week high of $483.60. The firm has a market cap of $871.17 million, a PE ratio of -5.25 and a beta of 0.63.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BH. Invesco Ltd. grew its position in shares of Biglari by 319.8% in the 3rd quarter. Invesco Ltd. now owns 40,443 shares of the restaurant operator’s stock worth $13,089,000 after buying an additional 30,810 shares during the last quarter. Two Sigma Investments LP increased its position in Biglari by 162.8% during the 3rd quarter. Two Sigma Investments LP now owns 11,563 shares of the restaurant operator’s stock valued at $3,742,000 after purchasing an additional 7,163 shares during the period. JPMorgan Chase & Co. raised 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 purchasing an additional 5,650 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Biglari in the 1st quarter worth about $1,404,000. Finally, Man Group plc bought a new stake in shares of Biglari during the 2nd quarter valued at about $872,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Biglari from a “sell” rating to a “hold” rating in a research note 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.