Biglari (NYSE:BH) CEO Sardar Biglari Buys 1,139 Shares of Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari bought 1,139 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was purchased at an average price of $306.05 per share, with a total value of $348,590.95. Following the completion of the transaction, the chief executive officer directly owned 1,328,342 shares of the company’s stock, valued at approximately $406,539,069.10. The trade was a 0.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, December 5th, Sardar Biglari purchased 1,465 shares of Biglari stock. The shares were purchased at an average price of $306.90 per share, for a total transaction of $449,608.50.
• On Wednesday, December 3rd, Sardar Biglari acquired 2,802 shares of Biglari stock. The stock was purchased at an average cost of $303.32 per share, with a total value of $849,902.64.
• On Monday, November 24th, Sardar Biglari bought 2,032 shares of Biglari stock. The shares were acquired at an average price of $393.35 per share, for a total transaction of $799,287.20.

Biglari Trading Down 1.7%

BH opened at $304.11 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.83 and a quick ratio of 2.80. Biglari Holdings Inc. has a fifty-two week low of $195.05 and a fifty-two week high of $381.83. The company’s 50 day moving average price is $334.08 and its two-hundred day moving average price is $306.43. The firm has a market capitalization of $693.36 million, a price-to-earnings ratio of 27.18 and a beta of 0.82.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in Biglari by 319.8% in the third quarter. Invesco Ltd. now owns 40,443 shares of the restaurant operator’s stock valued at $13,089,000 after buying an additional 30,810 shares during the period. Nuveen LLC acquired a new stake in Biglari during the 1st quarter worth about $3,965,000. Two Sigma Investments LP raised its position in shares of Biglari by 162.8% in the 3rd quarter. Two Sigma Investments LP now owns 11,563 shares of the restaurant operator’s stock worth $3,742,000 after acquiring an additional 7,163 shares in the last quarter. Pacer Advisors Inc. acquired a new position in shares of Biglari in the 3rd quarter valued at about $2,094,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Biglari by 20.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 32,656 shares of the restaurant operator’s stock valued at $10,569,000 after purchasing an additional 5,650 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Biglari from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th.

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.