Biglari (NYSE:BH) CEO Sardar Biglari Purchases 310 Shares

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari bought 310 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was bought at an average price of $321.94 per share, for a total transaction of $99,801.40. Following the completion of the purchase, the chief executive officer owned 1,332,028 shares of the company’s stock, valued at approximately $428,833,094.32. The trade was a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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 stock was bought at an average cost of $315.08 per share, for a total transaction of $306,572.84.
• On Friday, December 5th, Sardar Biglari acquired 1,465 shares of Biglari stock. The shares were purchased at an average cost of $306.90 per share, with a total value of $449,608.50.
• On Thursday, December 4th, Sardar Biglari bought 1,139 shares of Biglari stock. The stock was purchased at an average cost of $306.05 per share, with a total value of $348,590.95.
• On Wednesday, December 3rd, Sardar Biglari bought 2,802 shares of Biglari stock. The stock was purchased at an average price of $303.32 per share, for a total transaction of $849,902.64.
• On Monday, November 24th, Sardar Biglari purchased 2,032 shares of Biglari stock. The shares were purchased at an average price of $393.35 per share, with a total value of $799,287.20.

Biglari Stock Performance

BH traded up $2.19 during trading hours on Wednesday, hitting $322.55. The stock had a trading volume of 72,572 shares, compared to its average volume of 113,981. Biglari Holdings Inc. has a 1 year low of $195.05 and a 1 year high of $381.83. The company’s fifty day simple moving average is $333.90 and its 200 day simple moving average is $308.52. The stock has a market cap of $735.42 million, a PE ratio of 28.82 and a beta of 0.82. The company has a quick ratio of 2.80, a current ratio of 2.83 and a debt-to-equity ratio of 0.54.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Biglari from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th.

Institutional Investors Weigh In On Biglari

A number of institutional investors and hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. boosted its position in shares of Biglari by 7.1% in the third 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 during the period. Occudo Quantitative Strategies LP lifted its stake in Biglari by 6.9% in the 3rd quarter. Occudo Quantitative Strategies LP now owns 1,011 shares of the restaurant operator’s stock worth $327,000 after purchasing an additional 65 shares in the last quarter. Two Sigma Investments LP lifted its stake in Biglari by 162.8% in the 3rd quarter. Two Sigma Investments LP now owns 11,563 shares of the restaurant operator’s stock worth $3,742,000 after purchasing an additional 7,163 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in Biglari by 4.1% in the 3rd quarter. Bridgeway Capital Management LLC now owns 16,944 shares of the restaurant operator’s stock valued at $5,484,000 after purchasing an additional 666 shares during the period. Finally, Invesco Ltd. grew its position in shares of Biglari by 319.8% during the 3rd quarter. Invesco Ltd. now owns 40,443 shares of the restaurant operator’s stock valued at $13,089,000 after purchasing an additional 30,810 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Biglari Company Profile

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.