Insider Buying: Biglari (NYSE:BH) CEO Purchases 973 Shares of Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari acquired 973 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was purchased at an average cost of $315.08 per share, with a total value of $306,572.84. Following the purchase, the chief executive officer owned 1,330,780 shares of the company’s stock, valued at $419,302,162.40. The trade was a 0.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Sardar Biglari also recently made the following trade(s):

• On Wednesday, December 10th, Sardar Biglari bought 310 shares of Biglari stock. The shares were acquired 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 stock was acquired at an average price of $319.08 per share, for a total transaction of $299,297.04.
• On Friday, December 5th, Sardar Biglari purchased 1,465 shares of Biglari stock. The shares were acquired at an average cost of $306.90 per share, with a total value of $449,608.50.
• On Thursday, December 4th, Sardar Biglari acquired 1,139 shares of Biglari stock. The shares were acquired at an average price 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 acquired at an average price of $303.32 per share, for a total transaction of $849,902.64.
• On Monday, November 24th, Sardar Biglari bought 2,032 shares of Biglari stock. The shares were acquired at an average price of $393.35 per share, with a total value of $799,287.20.

Biglari Trading Up 0.7%

Shares of BH traded up $2.19 during trading hours on Wednesday, reaching $322.55. 72,572 shares of the company traded hands, compared to its average volume of 113,981. The stock’s fifty day moving average price is $333.90 and its 200 day moving average price is $308.52. The company has a current ratio of 2.83, a quick ratio of 2.80 and a debt-to-equity ratio of 0.54. The firm has a market cap of $735.42 million, a price-to-earnings ratio of 28.82 and a beta of 0.82. Biglari Holdings Inc. has a 12-month low of $195.05 and a 12-month high of $381.83.

Analysts Set New Price Targets

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

Institutional Trading of Biglari

Several hedge funds have recently made changes to their positions in the business. Peapod Lane Capital LLC grew its holdings in shares of Biglari by 0.3% in the second quarter. Peapod Lane Capital LLC now owns 13,876 shares of the restaurant operator’s stock valued at $4,055,000 after purchasing an additional 47 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its stake in shares of Biglari by 41.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 171 shares of the restaurant operator’s stock worth $50,000 after acquiring an additional 50 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Biglari by 128.2% in the third quarter. Jones Financial Companies Lllp now owns 89 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 50 shares in the last quarter. CWM LLC increased its position in shares of Biglari by 148.7% during the third quarter. CWM LLC now owns 97 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 58 shares during the period. Finally, Occudo Quantitative Strategies LP raised its stake in shares of Biglari by 6.9% in the third quarter. Occudo Quantitative Strategies LP now owns 1,011 shares of the restaurant operator’s stock valued at $327,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

About Biglari

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.