Insider Buying: Biglari Holdings Inc. (NYSE:BH) CEO Acquires $1,235,166.02 in Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari acquired 4,994 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were bought at an average price of $247.33 per share, with a total value of $1,235,166.02. Following the transaction, the chief executive officer now owns 1,281,750 shares in the company, valued at $317,015,227.50. This represents a 0.39 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, November 14th, Sardar Biglari acquired 4,663 shares of Biglari stock. The shares were purchased at an average cost of $328.48 per share, for a total transaction of $1,531,702.24.
• On Wednesday, August 21st, Sardar Biglari purchased 43,161 shares of Biglari stock. The stock was acquired at an average price of $13.59 per share, with a total value of $586,557.99.
• On Monday, August 19th, Sardar Biglari acquired 62,329 shares of Biglari stock. The stock was acquired at an average cost of $13.46 per share, with a total value of $838,948.34.
• On Friday, August 16th, Sardar Biglari bought 21,325 shares of Biglari stock. The shares were acquired at an average price of $13.13 per share, for a total transaction of $279,997.25.

Biglari Stock Down 1.0 %

Shares of NYSE BH opened at $210.00 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $477.96 million, a PE ratio of 1.19 and a beta of 0.71. The firm has a fifty day moving average of $173.87 and a 200-day moving average of $184.53. Biglari Holdings Inc. has a 52-week low of $142.01 and a 52-week high of $219.00.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Biglari from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th.

Institutional Investors Weigh In On Biglari

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in shares of Biglari during the second quarter worth about $25,000. BNP Paribas Financial Markets raised its holdings in shares of Biglari by 81.6% during the 1st quarter. BNP Paribas Financial Markets now owns 356 shares of the restaurant operator’s stock valued at $68,000 after buying an additional 160 shares during the period. Virtu Financial LLC acquired a new position in Biglari during the 1st quarter worth approximately $223,000. Ritholtz Wealth Management boosted its holdings in Biglari by 40.4% in the 2nd 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 period. Finally, Barclays PLC grew its position in Biglari by 78.6% in the third quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock valued at $340,000 after acquiring an additional 869 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

About Biglari

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.