Biglari (NYSE:BH) Major Shareholder Sells 11,000 Shares

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari sold 11,000 shares of the stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $16.71, for a total transaction of $183,810.00. Following the completion of the transaction, the insider owned 3,538,961 shares in the company, valued at $59,136,038.31. The trade was a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock 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 stock was 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 shares were sold at an average price of $16.92, for a total value 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 shares were 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 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.
• On Friday, June 5th, Sardar Biglari bought 535 shares of Biglari stock. The stock was acquired at an average cost of $297.14 per share, with a total value of $158,969.90.
• On Thursday, June 4th, Sardar Biglari purchased 1,743 shares of Biglari stock. The shares were acquired at an average cost of $286.76 per share, for a total transaction of $499,822.68.
• On Thursday, May 14th, Sardar Biglari acquired 14,351 shares of Biglari stock. The shares were acquired at an average price of $258.06 per share, with a total value of $3,703,419.06.
• On Wednesday, May 13th, Sardar Biglari bought 15,358 shares of Biglari stock. The stock was acquired at an average price of $260.36 per share, for a total transaction of $3,998,608.88.

Biglari Price Performance

Shares of NYSE BH traded down $4.79 during mid-day trading on Tuesday, hitting $368.67. 100,179 shares of the company’s stock traded hands, compared to its average volume of 94,242. 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’s 50-day moving average is $348.61 and its two-hundred day moving average is $350.54. The company has a market capitalization of $845.72 million, a P/E ratio of -5.09 and a beta of 0.63.

Biglari (NYSE:BH) last released its quarterly earnings results on Friday, May 8th. The restaurant operator reported ($55.81) EPS for the quarter. Biglari had a negative return on equity of 1.20% and a negative net margin of 4.71%.The company had revenue of $97.48 million during the quarter.

Hedge Funds Weigh In On Biglari

Several hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in Biglari in the 1st quarter worth about $64,000. Empowered Funds LLC boosted its position in shares of Biglari by 1.8% during the first quarter. Empowered Funds LLC now owns 9,433 shares of the restaurant operator’s stock valued at $2,043,000 after buying an additional 165 shares during the period. Jane Street Group LLC bought a new position in shares of Biglari during the first quarter valued at approximately $257,000. American Century Companies Inc. bought a new position in shares of Biglari during the second quarter valued at approximately $339,000. Finally, Invesco Ltd. bought a new position in shares of Biglari during the second quarter valued at approximately $2,815,000. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Biglari from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th.

About Biglari

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.