Biglari Holdings Inc. (NYSE:BH) CEO Purchases $1,531,702.24 in Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari bought 4,663 shares of Biglari stock in a transaction on Thursday, November 14th. The shares were purchased at an average cost of $328.48 per share, for a total transaction of $1,531,702.24. Following the completion of the purchase, the chief executive officer now directly owns 1,292,670 shares of the company’s stock, valued at $424,616,241.60. This trade represents a 0.36 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, November 12th, Sardar Biglari purchased 4,994 shares of Biglari stock. The shares were acquired at an average price of $247.33 per share, with a total value of $1,235,166.02.
• On Wednesday, August 21st, Sardar Biglari bought 43,161 shares of Biglari stock. The shares were bought at an average cost 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 bought at an average price of $13.46 per share, for a total transaction of $838,948.34.
• On Friday, August 16th, Sardar Biglari bought 21,325 shares of Biglari stock. The stock was bought at an average price of $13.13 per share, with a total value of $279,997.25.

Biglari Stock Down 1.0 %

Shares of NYSE:BH opened at $210.00 on Friday. The firm’s 50-day moving average is $173.87 and its two-hundred day moving average is $184.53. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.40. Biglari Holdings Inc. has a 1 year low of $142.01 and a 1 year high of $219.00. The firm has a market capitalization of $477.96 million, a PE ratio of 1.19 and a beta of 0.71.

Institutional Investors Weigh In On Biglari

A number of hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC purchased a new stake in shares of Biglari during the second quarter worth $25,000. BNP Paribas Financial Markets grew its stake in Biglari by 81.6% during the 1st quarter. BNP Paribas Financial Markets now owns 356 shares of the restaurant operator’s stock worth $68,000 after purchasing an additional 160 shares in the last quarter. Virtu Financial LLC purchased a new stake in Biglari during the 1st quarter worth about $223,000. Ritholtz Wealth Management raised its position in Biglari by 40.4% in the 2nd quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock valued at $296,000 after purchasing an additional 441 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Biglari by 78.6% in the 3rd quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock valued at $340,000 after buying an additional 869 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Biglari from a “hold” rating to a “strong-buy” rating in a research 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.