Insider Buying: Biglari Holdings Inc. (NYSE:BH) CEO Purchases $299,830.83 in Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari purchased 817 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of $366.99 per share, with a total value of $299,830.83. Following the completion of the acquisition, the chief executive officer now directly owns 1,319,993 shares of the company’s stock, valued at $484,424,231.07. This represents a 0.06 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, December 12th, Sardar Biglari acquired 516 shares of Biglari stock. The shares were bought at an average price of $738.70 per share, with a total value of $381,169.20.
• On Wednesday, December 4th, Sardar Biglari bought 444 shares of Biglari stock. The stock was bought at an average cost of $223.85 per share, for a total transaction of $99,389.40.
• On Monday, December 2nd, Sardar Biglari purchased 1,735 shares of Biglari stock. The stock was bought at an average cost of $288.61 per share, with a total value of $500,738.35.
• On Wednesday, November 27th, Sardar Biglari acquired 2,422 shares of Biglari stock. The shares were purchased at an average cost of $328.07 per share, for a total transaction of $794,585.54.
• On Friday, November 22nd, Sardar Biglari bought 384 shares of Biglari stock. The stock was purchased at an average cost of $207.95 per share, with a total value of $79,852.80.
• On Wednesday, November 20th, Sardar Biglari purchased 857 shares of Biglari stock. The shares were purchased at an average cost of $210.96 per share, for a total transaction of $180,792.72.
• On Monday, November 18th, Sardar Biglari acquired 5,145 shares of Biglari stock. The stock was purchased at an average cost of $240.96 per share, with a total value of $1,239,739.20.
• On Thursday, November 14th, Sardar Biglari bought 4,663 shares of Biglari stock. The shares were acquired at an average price of $328.48 per share, for a total transaction of $1,531,702.24.
• On Tuesday, November 12th, Sardar Biglari purchased 4,994 shares of Biglari stock. The shares were acquired at an average price of $247.33 per share, with a total value of $1,235,166.02.

Biglari Stock Down 7.9 %

Biglari stock opened at $236.41 on Thursday. The stock has a 50 day moving average of $197.78 and a two-hundred day moving average of $187.85. Biglari Holdings Inc. has a twelve month low of $145.95 and a twelve month high of $265.73. The stock has a market capitalization of $538.07 million, a price-to-earnings ratio of 1.34 and a beta of 0.81. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17.

Institutional Investors Weigh In On Biglari

Several hedge funds have recently modified their holdings of the stock. Innealta Capital LLC acquired a new position in Biglari in the 2nd quarter valued at $25,000. Ritholtz Wealth Management boosted its holdings in shares of Biglari by 40.4% in the second quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock valued at $296,000 after acquiring an additional 441 shares in the last quarter. Barclays PLC increased its stake in shares of 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. Los Angeles Capital Management LLC raised its holdings in Biglari by 2.0% during the third quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock worth $760,000 after purchasing an additional 88 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Biglari by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock valued at $764,000 after purchasing an additional 130 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 raised shares of Biglari from a “hold” rating to a “strong-buy” rating in a report 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.