Sardar Biglari Sells 100,000 Shares of Biglari (NYSE:BH) Stock

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari sold 100,000 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $16.58, for a total value of $1,658,000.00. Following the transaction, the insider directly owned 3,800,000 shares of the company’s stock, valued at approximately $63,004,000. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, June 30th, Sardar Biglari sold 22,600 shares of Biglari stock. The shares were sold at an average price of $16.91, for a total value of $382,166.00.
• On Friday, June 26th, Sardar Biglari sold 100,000 shares of Biglari stock. The stock was sold at an average price of $16.75, for a total value of $1,675,000.00.
• On Friday, June 5th, Sardar Biglari acquired 535 shares of Biglari stock. The shares were purchased at an average cost of $297.14 per share, for a total transaction of $158,969.90.
• On Thursday, June 4th, Sardar Biglari acquired 1,743 shares of Biglari stock. The shares were purchased at an average cost of $286.76 per share, for a total transaction of $499,822.68.
• On Thursday, May 14th, Sardar Biglari purchased 14,351 shares of Biglari stock. The stock was acquired at an average price of $258.06 per share, for a total transaction of $3,703,419.06.
• On Wednesday, May 13th, Sardar Biglari acquired 15,358 shares of Biglari stock. The shares were acquired at an average price of $260.36 per share, with a total value of $3,998,608.88.
• On Tuesday, May 12th, Sardar Biglari acquired 22,965 shares of Biglari stock. The stock was acquired at an average cost of $249.84 per share, with a total value of $5,737,575.60.

Biglari Price Performance

Shares of NYSE BH traded down $10.38 during mid-day trading on Tuesday, hitting $426.95. 46,702 shares of the company’s stock traded hands, compared to its average volume of 55,334. The company’s 50-day moving average is $308.68 and its two-hundred day moving average is $343.88. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.47 and a quick ratio of 2.44. The company has a market capitalization of $977.71 million, a P/E ratio of -5.86 and a beta of 0.71. Biglari Holdings Inc. has a 1 year low of $234.91 and a 1 year high of $483.60.

Biglari (NYSE:BH) last released its quarterly earnings results on Friday, May 8th. The restaurant operator reported ($55.81) EPS for the quarter. Biglari had a negative return on equity of 1.20% and a negative net margin of 4.71%.The company had revenue of $97.48 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Biglari from a “sell” rating to a “hold” rating in a report on Sunday, May 17th.

Hedge Funds Weigh In On Biglari

A number of large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. grew its holdings in Biglari by 608.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 73 shares during the last quarter. CWM LLC lifted its stake in Biglari by 45.4% in the fourth quarter. CWM LLC now owns 141 shares of the restaurant operator’s stock worth $47,000 after purchasing an additional 44 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in Biglari in the first quarter worth about $64,000. State of Alaska Department of Revenue boosted its position in shares of Biglari by 120.6% during the fourth quarter. State of Alaska Department of Revenue now owns 353 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 193 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of Biglari by 15.1% during the fourth quarter. Deutsche Bank AG now owns 419 shares of the restaurant operator’s stock valued at $139,000 after buying an additional 55 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

About Biglari

Biglari Holdings Inc is a diversified holding company that makes strategic investments and operates businesses across multiple industries, with a primary focus on the restaurant, insurance and media sectors. The company seeks to acquire controlling interests in undervalued enterprises and enhance long-term value through active management and operational improvements. Headquartered in San Antonio, Texas, Biglari Holdings approaches each acquisition with a value-oriented philosophy, emphasizing disciplined capital allocation and hands-on oversight.

In the restaurant segment, Biglari Holdings owns and operates Steak ‘n Shake, a national burger and milkshake chain founded in 1934, as well as Western Sizzlin, a buffet and steakhouse brand.