Sardar Biglari Buys 21,325 Shares of Biglari Holdings Inc. (NYSE:BH) Stock

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari purchased 21,325 shares of Biglari stock in a transaction dated Friday, August 16th. The shares were bought at an average cost of $13.13 per share, for a total transaction of $279,997.25. Following the transaction, the insider now directly owns 159,241 shares of the company’s stock, valued at approximately $2,090,834.33. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major 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 21st, Sardar Biglari purchased 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 purchased 62,329 shares of Biglari stock. The shares were bought at an average cost of $13.46 per share, for a total transaction of $838,948.34.
• On Wednesday, August 14th, Sardar Biglari purchased 62,362 shares of Biglari stock. The shares were bought at an average cost of $12.47 per share, for a total transaction of $777,654.14.

Biglari Stock Up 0.9 %

Shares of BH stock traded up $1.54 during trading hours on Tuesday, hitting $176.09. 737 shares of the company were exchanged, compared to its average volume of 2,379. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.39 and a current ratio of 1.42. The business’s 50-day simple moving average is $187.66 and its two-hundred day simple moving average is $189.16. Biglari Holdings Inc. has a one year low of $137.01 and a one year high of $219.00. The stock has a market capitalization of $400.78 million, a price-to-earnings ratio of 3.94 and a beta of 0.74.

Hedge Funds Weigh In On Biglari

Large investors have recently bought and sold shares of the business. Innealta Capital LLC bought a new position in Biglari in the second quarter worth about $25,000. BNP Paribas Financial Markets lifted its holdings in Biglari by 81.6% in the first quarter. BNP Paribas Financial Markets now owns 356 shares of the restaurant operator’s stock worth $68,000 after acquiring an additional 160 shares during the last quarter. Gladius Capital Management LP lifted its holdings in Biglari by 128.4% in the fourth quarter. Gladius Capital Management LP now owns 402 shares of the restaurant operator’s stock worth $66,000 after acquiring an additional 226 shares during the last quarter. Virtu Financial LLC bought a new position in Biglari in the first quarter worth about $223,000. Finally, Ritholtz Wealth Management lifted its holdings in Biglari by 40.4% in the second quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock worth $296,000 after acquiring an additional 441 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Biglari from a “buy” rating to a “hold” rating in a research report on Monday, August 12th.

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.