Biglari Holdings Inc. (NYSE:BH) CEO Purchases $1,531,702.24 in Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari purchased 4,663 shares of the stock in a transaction dated Thursday, November 14th. The shares were acquired at an average cost of $328.48 per share, for a total transaction of $1,531,702.24. Following the completion of the acquisition, the chief executive officer now directly owns 1,292,670 shares of the company’s stock, valued at approximately $424,616,241.60. This trade represents a 0.36 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, November 12th, Sardar Biglari bought 4,994 shares of Biglari stock. The shares were bought at an average cost of $247.33 per share, with a total value of $1,235,166.02.
• On Wednesday, August 21st, Sardar Biglari bought 43,161 shares of Biglari stock. The shares were bought at an average cost of $13.59 per share, for a total transaction of $586,557.99.
• On Monday, August 19th, Sardar Biglari bought 62,329 shares of Biglari stock. The shares were acquired at an average price of $13.46 per share, for a total transaction of $838,948.34.
• On Friday, August 16th, Sardar Biglari purchased 21,325 shares of Biglari stock. The stock was acquired at an average cost of $13.13 per share, with a total value of $279,997.25.

Biglari Stock Performance

Biglari stock traded down $0.16 during mid-day trading on Friday, hitting $212.00. 2,883 shares of the company’s stock traded hands, compared to its average volume of 2,461. Biglari Holdings Inc. has a fifty-two week low of $142.01 and a fifty-two week high of $219.00. The stock has a market cap of $482.51 million, a price-to-earnings ratio of 1.20 and a beta of 0.71. The firm has a 50 day simple moving average of $173.04 and a two-hundred day simple moving average of $184.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.40.

Analyst Ratings Changes

Separately, StockNews.com raised Biglari from a “hold” rating to a “strong-buy” rating in a research note on Monday.

Institutional Investors Weigh In On Biglari

A number of institutional investors have recently modified their holdings of BH. Innealta Capital LLC acquired a new stake in shares of Biglari during the 2nd quarter worth approximately $25,000. BNP Paribas Financial Markets increased its position in Biglari by 81.6% in the 1st quarter. BNP Paribas Financial Markets now owns 356 shares of the restaurant operator’s stock valued at $68,000 after acquiring an additional 160 shares during the period. Virtu Financial LLC bought a new position in shares of Biglari during the first quarter valued at $223,000. Ritholtz Wealth Management lifted its holdings in shares of Biglari by 40.4% during the second quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock worth $296,000 after purchasing an additional 441 shares during the period. Finally, Los Angeles Capital Management LLC increased its holdings in Biglari by 2.0% in the third quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock valued at $760,000 after purchasing an additional 88 shares during the period. Institutional investors own 74.30% of the company’s stock.

About Biglari

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.