Key Points
- CEO Sardar Biglari bought 2,032 shares on Nov. 24 at $393.35 each (≈$799,287), raising his direct ownership to 1,324,401 shares—a ~0.15% increase valued at about $520.95 million.
- Wall Street Zen cut Biglari from a buy to a hold, even as institutions like Invesco significantly increased their stakes; the company has a market cap of $651.7M and a PE ratio of 1.96.
Biglari Holdings Inc. (NYSE:BH - Get Free Report) CEO Sardar Biglari acquired 2,032 shares of the company's stock in a transaction on Monday, November 24th. The shares were bought at an average price of $393.35 per share, with a total value of $799,287.20. Following the completion of the purchase, the chief executive officer directly owned 1,324,401 shares of the company's stock, valued at approximately $520,953,133.35. This represents a 0.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Biglari Stock Up 1.0%
Shares of NYSE:BH opened at $286.35 on Tuesday. The company's fifty day moving average is $336.49 and its 200-day moving average is $303.38. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.35 and a current ratio of 1.38. Biglari Holdings Inc. has a 52 week low of $195.05 and a 52 week high of $381.83. The company has a market capitalization of $651.73 million, a PE ratio of 1.96 and a beta of 0.81.
Analyst Ratings Changes
Separately, Wall Street Zen cut shares of Biglari from a "buy" rating to a "hold" rating in a research note on Saturday, November 15th.
View Our Latest Research Report on Biglari
Hedge Funds Weigh In On Biglari
Institutional investors have recently modified their holdings of the stock. Invesco Ltd. lifted its position in shares of Biglari by 319.8% during the third quarter. Invesco Ltd. now owns 40,443 shares of the restaurant operator's stock worth $13,089,000 after purchasing an additional 30,810 shares in the last quarter. JPMorgan Chase & Co. raised its position in Biglari by 20.9% in the 3rd 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 during the last quarter. Nuveen LLC acquired a new position in Biglari during the 1st quarter worth $3,965,000. Bridgeway Capital Management LLC lifted its holdings in Biglari by 4.1% during the 3rd quarter. Bridgeway Capital Management LLC now owns 16,944 shares of the restaurant operator's stock worth $5,484,000 after buying an additional 666 shares in the last quarter. Finally, Peapod Lane Capital LLC boosted its position in Biglari by 0.3% in the 2nd quarter. Peapod Lane Capital LLC now owns 13,876 shares of the restaurant operator's stock valued at $4,055,000 after buying an additional 47 shares during the last quarter. 74.30% of the stock is owned by institutional investors.
Biglari Company Profile
(
Get Free Report)
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.
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