Key Points
- CEO Sardar Biglari bought 938 shares on December 9 at an average price of $319.08 (≈$299,297), bringing his stake to 1,331,718 shares valued at about $424.9 million (a 0.07% increase).
- He has been actively accumulating stock in late November–early December, purchasing roughly 9,659 shares across seven trades for approximately $3.15 million in total.
- Despite this insider buying, Wall Street Zen downgraded Biglari from a "buy" to a "hold" on November 15; the company has a market cap of about $735 million and a one-year trading range of $195.05–$381.83.
Biglari Holdings Inc. (NYSE:BH - Get Free Report) CEO Sardar Biglari acquired 310 shares of the stock in a transaction on Wednesday, December 10th. The stock was acquired at an average cost of $321.94 per share, for a total transaction of $99,801.40. Following the acquisition, the chief executive officer directly owned 1,332,028 shares in the company, valued at $428,833,094.32. This represents a 0.02% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Sardar Biglari also recently made the following trade(s):
- On Tuesday, December 9th, Sardar Biglari purchased 938 shares of Biglari stock. The shares were bought at an average price of $319.08 per share, with a total value of $299,297.04.
- On Monday, December 8th, Sardar Biglari purchased 973 shares of Biglari stock. The shares were purchased at an average cost of $315.08 per share, with a total value of $306,572.84.
- On Friday, December 5th, Sardar Biglari bought 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 Thursday, December 4th, Sardar Biglari purchased 1,139 shares of Biglari stock. The shares were purchased at an average price of $306.05 per share, with a total value of $348,590.95.
- On Wednesday, December 3rd, Sardar Biglari purchased 2,802 shares of Biglari stock. The stock was acquired at an average price of $303.32 per share, with a total value of $849,902.64.
- On Monday, November 24th, Sardar Biglari purchased 2,032 shares of Biglari stock. The shares were bought at an average cost of $393.35 per share, with a total value of $799,287.20.
Biglari Trading Up 1.4%
Shares of BH traded up $4.36 during trading hours on Thursday, hitting $326.23. The stock had a trading volume of 6,517 shares, compared to its average volume of 24,388. The firm has a market cap of $743.80 million, a P/E ratio of 29.12 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. The company's fifty day simple moving average is $333.90 and its 200 day simple moving average is $308.52. Biglari Holdings Inc. has a 12-month low of $195.05 and a 12-month high of $381.83.
Institutional Trading of Biglari
A number of large investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. raised its holdings in Biglari by 7.1% in the 3rd quarter. Alliancebernstein L.P. now owns 1,501 shares of the restaurant operator's stock valued at $486,000 after acquiring an additional 100 shares in the last quarter. Occudo Quantitative Strategies LP boosted its stake in shares of Biglari by 6.9% in the 3rd quarter. Occudo Quantitative Strategies LP now owns 1,011 shares of the restaurant operator's stock valued at $327,000 after purchasing an additional 65 shares in the last quarter. Two Sigma Investments LP grew its stake in Biglari by 162.8% during the third quarter. Two Sigma Investments LP now owns 11,563 shares of the restaurant operator's stock worth $3,742,000 after buying an additional 7,163 shares during the last quarter. Bridgeway Capital Management LLC grew its position 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 acquiring an additional 666 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Biglari by 319.8% in the third quarter. Invesco Ltd. now owns 40,443 shares of the restaurant operator's stock valued at $13,089,000 after buying an additional 30,810 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered shares of Biglari from a "buy" rating to a "hold" rating in a report on Saturday, November 15th.
View Our Latest Research Report on Biglari
About Biglari
(
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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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