Biglari (NYSE:BH) CEO Acquires $5,737,575.60 in Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari acquired 22,965 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average cost of $249.84 per share, with a total value of $5,737,575.60. Following the acquisition, the chief executive officer directly owned 1,368,395 shares of the company’s stock, valued at $341,879,806.80. This trade represents a 1.71% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, May 14th, Sardar Biglari bought 14,351 shares of Biglari stock. The shares were purchased at an average cost of $258.06 per share, for a total transaction of $3,703,419.06.
• On Wednesday, May 13th, Sardar Biglari bought 15,358 shares of Biglari stock. The stock was purchased at an average price of $260.36 per share, for a total transaction of $3,998,608.88.
• On Friday, March 13th, Sardar Biglari purchased 2,810 shares of Biglari stock. The stock was purchased at an average cost of $302.20 per share, with a total value of $849,182.00.
• On Monday, March 9th, Sardar Biglari purchased 3,320 shares of Biglari stock. The shares were purchased at an average price of $301.06 per share, with a total value of $999,519.20.
• On Friday, March 6th, Sardar Biglari purchased 2,441 shares of Biglari stock. The shares were purchased at an average cost of $307.20 per share, for a total transaction of $749,875.20.
• On Tuesday, March 3rd, Sardar Biglari acquired 1,146 shares of Biglari stock. The stock was acquired at an average price of $331.15 per share, for a total transaction of $379,497.90.

Biglari Trading Up 1.8%

Biglari stock traded up $4.59 during mid-day trading on Thursday, hitting $257.88. The company’s stock had a trading volume of 87,538 shares, compared to its average volume of 67,906. The stock’s fifty day moving average is $310.40 and its two-hundred day moving average is $345.40. The company has a current ratio of 2.47, a quick ratio of 2.40 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $590.55 million, a PE ratio of -3.54 and a beta of 0.75. Biglari Holdings Inc. has a 1 year low of $230.12 and a 1 year high of $483.60.

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Biglari from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th.

Institutional Trading of Biglari

Hedge funds have recently modified their holdings of the stock. Invesco Ltd. raised its stake in Biglari by 319.8% during the 3rd quarter. Invesco Ltd. now owns 40,443 shares of the restaurant operator’s stock worth $13,089,000 after acquiring an additional 30,810 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of Biglari by 162.8% during the third quarter. Two Sigma Investments LP now owns 11,563 shares of the restaurant operator’s stock worth $3,742,000 after purchasing an additional 7,163 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Biglari by 20.9% during the third 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 valued at about $1,404,000. Finally, Man Group plc acquired a new stake in shares of Biglari in the 2nd quarter valued at about $872,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

About Biglari

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.