Key Points
- Sardar Biglari bought 3,452 shares of Biglari (NYSE:BH) on Dec. 17 at an average price of $463.34 for about $1.60 million, bringing his direct stake to 1,335,713 shares (approximately $618.9 million) — a 0.26% increase in ownership.
- The purchase is part of a string of insider buys throughout December (multiple transactions from Dec. 3–16), indicating active accumulation of BH stock by the CEO across varying prices.
- Institutional ownership is high at 74.30%, with firms like Invesco notably increasing positions (Invesco +319.8%), while Wall Street Zen downgraded BH from "buy" to "hold" on Nov. 15; the stock recently traded around $323.88 with a 52-week range of $195.05–$381.83.
Biglari Holdings Inc. (NYSE:BH - Get Free Report) CEO Sardar Biglari bought 3,452 shares of the business's stock in a transaction on Wednesday, December 17th. The shares were acquired at an average price of $463.34 per share, with a total value of $1,599,449.68. Following the completion of the purchase, the chief executive officer directly owned 1,335,713 shares of the company's stock, valued at approximately $618,889,261.42. The trade was a 0.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
Sardar Biglari also recently made the following trade(s):
- On Tuesday, December 16th, Sardar Biglari acquired 156 shares of Biglari stock. The shares were acquired at an average price of $1,599.87 per share, with a total value of $249,579.72.
- On Monday, December 15th, Sardar Biglari bought 212 shares of Biglari stock. The stock was acquired at an average price of $698.01 per share, for a total transaction of $147,978.12.
- On Friday, December 12th, Sardar Biglari bought 449 shares of Biglari stock. The stock was bought at an average cost of $333.14 per share, with a total value of $149,579.86.
- On Wednesday, December 10th, Sardar Biglari purchased 310 shares of Biglari stock. The shares were bought at an average cost of $321.94 per share, for a total transaction of $99,801.40.
- 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 stock was purchased at an average price of $315.08 per share, with a total value of $306,572.84.
- On Friday, December 5th, Sardar Biglari acquired 1,465 shares of Biglari stock. The shares were purchased at an average price of $306.90 per share, for a total transaction of $449,608.50.
- On Thursday, December 4th, Sardar Biglari bought 1,139 shares of Biglari stock. The stock was 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 shares were purchased at an average cost of $303.32 per share, for a total transaction of $849,902.64.
- On Monday, November 24th, Sardar Biglari acquired 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 Up 0.4%
Shares of NYSE BH opened at $323.88 on Thursday. Biglari Holdings Inc. has a 1 year low of $195.05 and a 1 year high of $381.83. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.83 and a quick ratio of 2.80. The firm has a market cap of $738.45 million, a PE ratio of 28.78 and a beta of 0.82. The company has a 50 day simple moving average of $332.85 and a 200 day simple moving average of $311.12.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded Biglari from a "buy" rating to a "hold" rating in a report on Saturday, November 15th.
Read Our Latest Research Report on Biglari
Institutional Trading of Biglari
Several institutional investors and hedge funds have recently modified their holdings of BH. Invesco Ltd. boosted 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 valued at $13,089,000 after buying an additional 30,810 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Biglari by 20.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 32,656 shares of the restaurant operator's stock valued at $10,569,000 after acquiring an additional 5,650 shares in the last quarter. Nuveen LLC purchased a new position in Biglari during the 1st quarter worth $3,965,000. Bridgeway Capital Management LLC grew its stake in shares of Biglari by 4.1% in 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 in the last quarter. Finally, Peapod Lane Capital LLC lifted its position in shares of Biglari by 0.3% during the 2nd quarter. Peapod Lane Capital LLC now owns 13,876 shares of the restaurant operator's stock worth $4,055,000 after buying an additional 47 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other 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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