Sardar Biglari Sells 132,421 Shares of Biglari (NYSE:BH) Stock

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari sold 132,421 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $17.27, for a total transaction of $2,286,910.67. Following the transaction, the insider owned 3,644,979 shares in the company, valued at $62,948,787.33. This trade represents a 3.51% decrease 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. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, July 2nd, Sardar Biglari sold 9,525 shares of Biglari stock. The stock was sold at an average price of $16.92, for a total transaction of $161,163.00.
• On Tuesday, June 30th, Sardar Biglari sold 22,600 shares of Biglari stock. The stock was sold at an average price of $16.91, for a total transaction of $382,166.00.
• On Monday, June 29th, Sardar Biglari sold 100,000 shares of Biglari stock. The stock was sold at an average price of $16.58, for a total value of $1,658,000.00.
• On Friday, June 26th, Sardar Biglari sold 100,000 shares of Biglari stock. The shares were sold at an average price of $16.75, for a total value of $1,675,000.00.
• On Friday, June 5th, Sardar Biglari bought 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 bought 1,743 shares of Biglari stock. The stock was purchased at an average price of $286.76 per share, with a total value of $499,822.68.
• On Thursday, May 14th, Sardar Biglari bought 14,351 shares of Biglari stock. The shares were acquired at an average cost of $258.06 per share, for a total transaction of $3,703,419.06.
• On Wednesday, May 13th, Sardar Biglari purchased 15,358 shares of Biglari stock. The stock was acquired at an average cost 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 shares were acquired at an average cost of $249.84 per share, with a total value of $5,737,575.60.

Biglari Stock Down 2.7%

Shares of Biglari stock opened at $412.76 on Wednesday. Biglari Holdings Inc. has a twelve month low of $234.91 and a twelve month high of $483.60. The company has a current ratio of 2.47, a quick ratio of 2.44 and a debt-to-equity ratio of 0.61. The business’s 50 day simple moving average is $320.56 and its 200-day simple moving average is $347.15. The stock has a market capitalization of $945.22 million, a price-to-earnings ratio of -5.67 and a beta of 0.63.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Invesco Ltd. lifted its position in shares of Biglari by 319.8% in the 3rd quarter. Invesco Ltd. now owns 40,443 shares of the restaurant operator’s stock valued at $13,089,000 after acquiring an additional 30,810 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Biglari by 20.9% in the third quarter. JPMorgan Chase & Co. now owns 32,656 shares of the restaurant operator’s stock worth $10,569,000 after purchasing an additional 5,650 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in shares of Biglari by 4.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 17,676 shares of the restaurant operator’s stock worth $5,876,000 after purchasing an additional 732 shares in the last quarter. Peapod Lane Capital LLC boosted its holdings in shares of Biglari by 0.7% during the fourth quarter. Peapod Lane Capital LLC now owns 12,399 shares of the restaurant operator’s stock worth $4,122,000 after purchasing an additional 90 shares during the period. Finally, Empowered Funds LLC boosted its holdings in shares of Biglari by 8.0% during the fourth quarter. Empowered Funds LLC now owns 11,607 shares of the restaurant operator’s stock worth $3,859,000 after purchasing an additional 863 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Biglari Company Profile

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.