Biglari (NYSE:BH) CEO Sardar Biglari Purchases 2,802 Shares of Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari purchased 2,802 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was purchased at an average cost of $303.32 per share, with a total value of $849,902.64. Following the purchase, the chief executive officer owned 1,327,203 shares in the company, valued at $402,567,213.96. This represents a 0.21% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, December 5th, Sardar Biglari acquired 1,465 shares of Biglari stock. The shares were acquired at an average cost of $306.90 per share, for a total transaction of $449,608.50.
• On Thursday, December 4th, Sardar Biglari bought 1,139 shares of Biglari stock. The stock was acquired at an average price of $306.05 per share, with a total value of $348,590.95.
• On Monday, November 24th, Sardar Biglari bought 2,032 shares of Biglari stock. The stock was acquired at an average cost of $393.35 per share, with a total value of $799,287.20.

Biglari Stock Performance

Shares of BH opened at $304.11 on Friday. The firm has a market cap of $693.36 million, a price-to-earnings ratio of 27.18 and a beta of 0.82. The company’s fifty day moving average is $334.08 and its 200-day moving average is $306.43. The company has a quick ratio of 2.80, a current ratio of 2.83 and a debt-to-equity ratio of 0.54. Biglari Holdings Inc. has a 12 month low of $195.05 and a 12 month high of $381.83.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Deutsche Bank AG lifted its position in Biglari by 111.6% during the 1st quarter. Deutsche Bank AG now owns 364 shares of the restaurant operator’s stock worth $79,000 after acquiring an additional 192 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Biglari by 1.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,029 shares of the restaurant operator’s stock worth $2,605,000 after purchasing an additional 142 shares during the period. Nuveen LLC bought a new position in shares of Biglari in the first quarter worth about $3,965,000. Bridgeway Capital Management LLC lifted its position in shares of Biglari by 1.1% during the 1st quarter. Bridgeway Capital Management LLC now owns 15,633 shares of the restaurant operator’s stock worth $3,385,000 after purchasing an additional 165 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in Biglari during the 1st quarter valued at approximately $64,000. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut Biglari from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th.

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.