Insider Selling: Biglari (NYSE:BH) Major Shareholder Sells 1,100 Shares of Stock

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $17.06, for a total transaction of $18,766.00. Following the transaction, the insider directly owned 65,872 shares of the company’s stock, valued at $1,123,776.32. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more 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 Wednesday, August 5th, Sardar Biglari sold 80,000 shares of Biglari stock. The stock was sold at an average price of $16.90, for a total transaction of $1,352,000.00.
• On Monday, August 3rd, Sardar Biglari sold 20,000 shares of Biglari stock. The shares were sold at an average price of $16.73, for a total transaction of $334,600.00.
• On Thursday, July 30th, Sardar Biglari sold 546 shares of Biglari stock. The shares were sold at an average price of $16.70, for a total value of $9,118.20.
• On Wednesday, July 29th, Sardar Biglari sold 6,611 shares of Biglari stock. The stock was sold at an average price of $16.71, for a total value of $110,469.81.
• On Friday, July 17th, Sardar Biglari sold 11,000 shares of Biglari stock. The shares were sold at an average price of $16.71, for a total transaction of $183,810.00.
• On Monday, July 13th, Sardar Biglari sold 75,000 shares of Biglari stock. The stock was sold at an average price of $16.74, for a total transaction of $1,255,500.00.
• On Thursday, July 2nd, Sardar Biglari sold 9,525 shares of Biglari stock. The shares were sold at an average price of $16.92, for a total value of $161,163.00.
• On Wednesday, July 1st, Sardar Biglari sold 132,421 shares of Biglari stock. The shares were sold at an average price of $17.27, for a total value 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 stock was sold at an average price of $16.58, for a total value of $1,658,000.00.

Biglari Price Performance

BH stock traded down $1.99 during mid-day trading on Tuesday, reaching $383.63. 279,371 shares of the company’s stock were exchanged, compared to its average volume of 103,554. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.47 and a quick ratio of 2.44. Biglari Holdings Inc. has a 12-month low of $234.91 and a 12-month high of $483.60. The stock’s 50 day moving average is $370.53 and its 200 day moving average is $347.24. The company has a market cap of $878.51 million, a price-to-earnings ratio of -3.51 and a beta of 0.64.

Biglari (NYSE:BH) last announced its earnings results on Friday, August 7th. The restaurant operator reported $158.17 earnings per share for the quarter. Biglari had a positive return on equity of 5.71% and a negative net margin of 7.33%.The business had revenue of $108.52 million during the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Biglari from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th.

Hedge Funds Weigh In On Biglari

Several hedge funds and other institutional investors have recently modified their holdings of BH. Russell Investments Group Ltd. grew its stake in Biglari by 608.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. CWM LLC lifted its stake in Biglari by 45.4% in the 4th quarter. CWM LLC now owns 141 shares of the restaurant operator’s stock worth $47,000 after purchasing an additional 44 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Biglari during the 1st quarter worth approximately $64,000. State of Alaska Department of Revenue boosted its holdings in shares of Biglari by 120.6% during the 4th quarter. State of Alaska Department of Revenue now owns 353 shares of the restaurant operator’s stock worth $117,000 after purchasing an additional 193 shares during the last quarter. Finally, Deutsche Bank AG grew its position in shares of Biglari by 15.1% in the fourth quarter. Deutsche Bank AG now owns 419 shares of the restaurant operator’s stock valued at $139,000 after purchasing an additional 55 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

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.