Insider Buying: Biglari Holdings Inc. (NYSE:BH) CEO Acquires 4,994 Shares of Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari bought 4,994 shares of the stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average price of $247.33 per share, with a total value of $1,235,166.02. Following the completion of the purchase, the chief executive officer now directly owns 1,281,750 shares of the company’s stock, valued at approximately $317,015,227.50. This represents a 0.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, November 14th, Sardar Biglari acquired 4,663 shares of Biglari stock. The shares were acquired at an average price of $328.48 per share, with a total value of $1,531,702.24.
• On Wednesday, August 21st, Sardar Biglari bought 43,161 shares of Biglari stock. The stock was acquired at an average cost of $13.59 per share, for a total transaction of $586,557.99.
• On Monday, August 19th, Sardar Biglari purchased 62,329 shares of Biglari stock. The shares were bought at an average cost of $13.46 per share, with a total value of $838,948.34.
• On Friday, August 16th, Sardar Biglari purchased 21,325 shares of Biglari stock. The stock was bought at an average cost of $13.13 per share, for a total transaction of $279,997.25.

Biglari Trading Down 1.0 %

Shares of NYSE BH opened at $210.00 on Friday. The stock has a market capitalization of $477.96 million, a P/E ratio of 1.19 and a beta of 0.71. The stock’s 50 day moving average price is $173.87 and its two-hundred day moving average price is $184.53. The company has a quick ratio of 1.40, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Biglari Holdings Inc. has a 52-week low of $142.01 and a 52-week high of $219.00.

Institutional Investors Weigh In On Biglari

Institutional investors and hedge funds have recently made changes to their positions in the company. Innealta Capital LLC acquired a new position in Biglari in the second quarter worth $25,000. BNP Paribas Financial Markets lifted its position in shares of Biglari by 81.6% in the 1st quarter. BNP Paribas Financial Markets now owns 356 shares of the restaurant operator’s stock worth $68,000 after buying an additional 160 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Biglari in the 1st quarter valued at about $223,000. Ritholtz Wealth Management grew its position in shares of Biglari by 40.4% during the 2nd quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock valued at $296,000 after buying an additional 441 shares during the last quarter. Finally, Barclays PLC raised its stake in Biglari by 78.6% during the third quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock worth $340,000 after acquiring an additional 869 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Biglari from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th.

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.