Key Points
- Sardar Biglari sold 80,000 Biglari Holdings shares for approximately $1.35 million at an average price of $16.90, reducing his position by 54.64% to 66,422 shares.
- The sale follows a series of insider transactions since late June, totaling hundreds of thousands of shares sold and signaling sustained insider selling.
- Biglari reported a quarterly loss of $55.81 per share on $97.48 million in revenue, while institutional investors and hedge funds own approximately 74.3% of the company.
Biglari Holdings Inc. (NYSE:BH - Get Free Report) major shareholder Sardar Biglari sold 20,000 shares of Biglari stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $16.73, for a total transaction of $334,600.00. Following the completion of the transaction, the insider directly owned 106,422 shares in the company, valued at approximately $1,780,440.06. The trade was a 15.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Sardar Biglari also recently made the following trade(s):
- On Wednesday, August 5th, Sardar Biglari sold 80,000 shares of Biglari stock. The shares were sold at an average price of $16.90, for a total transaction of $1,352,000.00.
- On Thursday, July 30th, Sardar Biglari sold 546 shares of Biglari stock. The shares were sold at an average price of $16.70, for a total transaction of $9,118.20.
- On Wednesday, July 29th, Sardar Biglari sold 6,611 shares of Biglari stock. The shares were sold at an average price of $16.71, for a total value of $110,469.81.
- On Friday, July 17th, Sardar Biglari sold 11,000 shares of Biglari stock. The stock was sold at an average price of $16.71, for a total value of $183,810.00.
- On Monday, July 13th, Sardar Biglari sold 75,000 shares of Biglari stock. The stock was sold at an average price of $16.74, for a total value 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 value of $382,166.00.
- On Monday, June 29th, Sardar Biglari sold 100,000 shares of Biglari stock. The stock was sold at an average price of $16.58, for a total value 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 value of $1,675,000.00.
Biglari Trading Up 1.0%
NYSE BH opened at $396.92 on Thursday. The firm has a market capitalization of $908.95 million, a PE ratio of -5.45 and a beta of 0.63. The stock's 50 day moving average is $364.75 and its 200 day moving average is $348.71. Biglari Holdings Inc. has a twelve month low of $234.91 and a twelve month high of $483.60. The company has a quick ratio of 2.44, a current ratio of 2.47 and a debt-to-equity ratio of 0.61.
Biglari (NYSE:BH - Get Free Report) last posted its quarterly earnings data on Friday, May 8th. The restaurant operator reported ($55.81) earnings per share (EPS) for the quarter. The firm had revenue of $97.48 million during the quarter. Biglari had a negative return on equity of 1.20% and a negative net margin of 4.71%.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of Biglari from a "sell" rating to a "hold" rating in a research report on Sunday, May 17th.
Check Out Our Latest Report on BH
Hedge Funds Weigh In On Biglari
Large investors have recently made changes to their positions in the business. Invesco Ltd. boosted its position in shares of Biglari by 319.8% in the 3rd 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. Bridgeway Capital Management LLC grew its stake in shares of Biglari by 4.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 17,676 shares of the restaurant operator's stock worth $5,876,000 after buying an additional 732 shares during the last quarter. Peapod Lane Capital LLC increased its position in Biglari by 0.7% during the 4th quarter. Peapod Lane Capital LLC now owns 12,399 shares of the restaurant operator's stock valued at $4,122,000 after buying an additional 90 shares in the last quarter. Empowered Funds LLC increased its position in Biglari by 8.0% during the 4th quarter. Empowered Funds LLC now owns 11,607 shares of the restaurant operator's stock valued at $3,859,000 after buying an additional 863 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in Biglari by 162.8% during the 3rd quarter. Two Sigma Investments LP now owns 11,563 shares of the restaurant operator's stock valued at $3,742,000 after buying an additional 7,163 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
About Biglari
(
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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