Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari Acquires 384 Shares

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari acquired 384 shares of Biglari stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average cost of $207.95 per share, for a total transaction of $79,852.80. Following the completion of the transaction, the chief executive officer now directly owns 1,309,161 shares in the company, valued at $272,240,029.95. This trade represents a 0.03 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, November 20th, Sardar Biglari bought 857 shares of Biglari stock. The shares were bought at an average cost of $210.96 per share, with a total value of $180,792.72.
• On Monday, November 18th, Sardar Biglari acquired 5,145 shares of Biglari stock. The shares were purchased at an average price of $240.96 per share, for a total transaction of $1,239,739.20.
• On Thursday, November 14th, Sardar Biglari acquired 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 bought 4,994 shares of Biglari stock. The shares were bought at an average cost of $247.33 per share, for a total transaction of $1,235,166.02.

Biglari Price Performance

Shares of BH opened at $206.41 on Friday. The company has a 50 day moving average of $178.08 and a two-hundred day moving average of $184.93. The company has a market cap of $470.61 million, a price-to-earnings ratio of 1.18 and a beta of 0.71. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Biglari Holdings Inc. has a twelve month low of $143.40 and a twelve month high of $219.00.

Institutional Trading of Biglari

A number of institutional investors have recently made changes to their positions in BH. BNP Paribas Financial Markets raised its holdings in shares of Biglari by 81.6% in the first quarter. BNP Paribas Financial Markets now owns 356 shares of the restaurant operator’s stock worth $68,000 after buying an additional 160 shares during the last quarter. Virtu Financial LLC purchased a new stake in Biglari during the 1st quarter valued at about $223,000. Bank of New York Mellon Corp increased its holdings in shares of 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. Innealta Capital LLC purchased a new position in shares of Biglari in the second quarter worth about $25,000. Finally, Ritholtz Wealth Management boosted its position in 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 buying an additional 441 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded 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.