Key Points
- Sardar Biglari bought 1,139 shares on Dec. 4 at $306.05 (cost $348,590.95), increasing his direct stake to 1,328,342 shares valued at about $406.54M (a 0.09% increase).
- He made three other recent purchases (Nov. 24, Dec. 3 and Dec. 5), bringing his total recent buys to 7,438 shares for roughly $2.45 million.
- Biglari (NYSE:BH) opened at $304.11 and was down ~1.7%; the stock trades below its 50‑day average ($334.08), has a market cap near $693M, and was recently downgraded from "buy" to "hold" by Wall Street Zen.
Biglari Holdings Inc. (NYSE:BH - Get Free Report) CEO Sardar Biglari purchased 1,139 shares of Biglari stock in a transaction on Thursday, December 4th. The stock was bought at an average price of $306.05 per share, with a total value of $348,590.95. Following the completion of the acquisition, the chief executive officer directly owned 1,328,342 shares of the company's stock, valued at approximately $406,539,069.10. This trade represents a 0.09% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Sardar Biglari also recently made the following trade(s):
- On Friday, December 5th, Sardar Biglari acquired 1,465 shares of Biglari stock. The shares were bought at an average price of $306.90 per share, for a total transaction of $449,608.50.
- On Wednesday, December 3rd, Sardar Biglari acquired 2,802 shares of Biglari stock. The shares were bought at an average cost of $303.32 per share, for a total transaction of $849,902.64.
- On Monday, November 24th, Sardar Biglari bought 2,032 shares of Biglari stock. The stock was purchased at an average cost of $393.35 per share, with a total value of $799,287.20.
Biglari Stock Down 1.7%
BH stock opened at $304.11 on Friday. The stock's 50 day simple moving average is $334.08 and its 200 day simple moving average is $306.43. The company has a market cap of $693.36 million, a P/E ratio of 27.18 and a beta of 0.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.80 and a current ratio of 2.83. Biglari Holdings Inc. has a fifty-two week low of $195.05 and a fifty-two week high of $381.83.
Institutional Trading of Biglari
Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its position in shares of Biglari by 608.3% during the third quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator's stock valued at $28,000 after buying an additional 73 shares during the last quarter. Jones Financial Companies Lllp raised its position in Biglari by 128.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 89 shares of the restaurant operator's stock valued at $29,000 after buying an additional 50 shares during the last quarter. CWM LLC lifted its stake in Biglari by 148.7% during the 3rd quarter. CWM LLC now owns 97 shares of the restaurant operator's stock valued at $31,000 after acquiring an additional 58 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Biglari during the 3rd quarter worth $34,000. Finally, Police & Firemen s Retirement System of New Jersey grew its stake in shares of Biglari by 41.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 171 shares of the restaurant operator's stock worth $50,000 after acquiring an additional 50 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Wall Street Zen downgraded shares of Biglari from a "buy" rating to a "hold" rating in a research report on Saturday, November 15th.
Read Our Latest Research Report on Biglari
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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