Key Points
- Sardar Biglari sold 11,000 Biglari Holdings shares at an average price of $16.71, generating $183,810. After the transaction, he directly owned 3,538,961 shares, a 0.31% reduction in his stake.
- The sale follows several larger disposals in late June and July, including 75,000 shares on July 13 and 132,421 shares on July 1, despite earlier purchases in May and June.
- Biglari reported quarterly revenue of $97.48 million but a loss of $55.81 per share, while institutional investors held 74.30% of the stock. The shares opened at $374.83, with a one-year range of $234.91 to $483.60.
Biglari Holdings Inc. (NYSE:BH - Get Free Report) major shareholder Sardar Biglari sold 11,000 shares of the company's stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $16.71, for a total value of $183,810.00. Following the completion of the transaction, the insider directly owned 3,538,961 shares of the company's stock, valued at $59,136,038.31. This trade represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Sardar Biglari also recently made the following trade(s):
- On Monday, July 13th, Sardar Biglari sold 75,000 shares of Biglari stock. The shares were sold at an average price of $16.74, for a total transaction of $1,255,500.00.
- On Thursday, July 2nd, Sardar Biglari sold 9,525 shares of Biglari stock. The stock was sold at an average price of $16.92, for a total transaction of $161,163.00.
- On Wednesday, July 1st, Sardar Biglari sold 132,421 shares of Biglari stock. The stock was sold at an average price of $17.27, for a total transaction of $2,286,910.67.
- On Tuesday, June 30th, Sardar Biglari sold 22,600 shares of Biglari stock. The stock was sold at an average price of $16.91, for a total transaction of $382,166.00.
- On Monday, June 29th, Sardar Biglari sold 100,000 shares of Biglari stock. The shares were sold at an average price of $16.58, for a total transaction of $1,658,000.00.
- On Friday, June 26th, Sardar Biglari sold 100,000 shares of Biglari stock. The shares were sold at an average price of $16.75, for a total transaction of $1,675,000.00.
- On Friday, June 5th, Sardar Biglari bought 535 shares of Biglari stock. The stock was bought at an average cost of $297.14 per share, for a total transaction of $158,969.90.
- On Thursday, June 4th, Sardar Biglari purchased 1,743 shares of Biglari stock. The shares were bought at an average price of $286.76 per share, for a total transaction of $499,822.68.
- On Thursday, May 14th, Sardar Biglari purchased 14,351 shares of Biglari stock. The shares were bought at an average price of $258.06 per share, for a total transaction of $3,703,419.06.
- On Wednesday, May 13th, Sardar Biglari purchased 15,358 shares of Biglari stock. The stock was bought at an average cost of $260.36 per share, with a total value of $3,998,608.88.
Biglari Stock Performance
NYSE BH opened at $374.83 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.47 and a quick ratio of 2.44. Biglari Holdings Inc. has a 1 year low of $234.91 and a 1 year high of $483.60. The company has a market capitalization of $858.36 million, a PE ratio of -5.15 and a beta of 0.63. The company has a fifty day moving average of $350.66 and a two-hundred day moving average of $350.44.
Biglari (NYSE:BH - Get Free Report) last issued its quarterly earnings data on Friday, May 8th. The restaurant operator reported ($55.81) earnings per share (EPS) for the quarter. Biglari had a negative return on equity of 1.20% and a negative net margin of 4.71%.The firm had revenue of $97.48 million for the quarter.
Institutional Investors Weigh In On Biglari
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Invesco Ltd. boosted its stake 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 buying an additional 30,810 shares during the period. Two Sigma Investments LP increased its position in Biglari by 162.8% in the 3rd quarter. Two Sigma Investments LP now owns 11,563 shares of the restaurant operator's stock valued at $3,742,000 after acquiring an additional 7,163 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Biglari in the 1st quarter valued at about $1,404,000. Man Group plc purchased a new stake in Biglari during the 2nd quarter valued at approximately $872,000. Finally, Jump Financial LLC purchased a new stake in Biglari during the 2nd quarter valued at approximately $872,000. 74.30% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Biglari from a "sell" rating to a "hold" rating in a research note on Sunday, May 17th.
Get Our Latest Stock Report on Biglari
Biglari Company Profile
(
Get Free Report)
Biglari Holdings Inc is a diversified holding company that makes strategic investments and operates businesses across multiple industries, with a primary focus on the restaurant, insurance and media sectors. The company seeks to acquire controlling interests in undervalued enterprises and enhance long-term value through active management and operational improvements. Headquartered in San Antonio, Texas, Biglari Holdings approaches each acquisition with a value-oriented philosophy, emphasizing disciplined capital allocation and hands-on oversight.
In the restaurant segment, Biglari Holdings owns and operates Steak 'n Shake, a national burger and milkshake chain founded in 1934, as well as Western Sizzlin, a buffet and steakhouse brand.
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