Biglari (NYSE:BH) Major Shareholder Sells 100,000 Shares

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari sold 100,000 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $16.58, for a total value of $1,658,000.00. Following the transaction, the insider owned 3,800,000 shares of the company’s stock, valued at approximately $63,004,000. The trade was a 2.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large 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 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 value of $382,166.00.
• On Friday, June 26th, Sardar Biglari sold 100,000 shares of Biglari stock. The stock was 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 shares were acquired at an average price of $297.14 per share, with a total value of $158,969.90.
• On Thursday, June 4th, Sardar Biglari bought 1,743 shares of Biglari stock. The shares were bought at an average cost of $286.76 per share, with a total value of $499,822.68.
• On Thursday, May 14th, Sardar Biglari purchased 14,351 shares of Biglari stock. The stock was 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 price of $260.36 per share, for a total transaction of $3,998,608.88.
• On Tuesday, May 12th, Sardar Biglari purchased 22,965 shares of Biglari stock. The stock was bought at an average cost of $249.84 per share, for a total transaction of $5,737,575.60.

Biglari Trading Down 2.4%

BH traded down $10.38 on Tuesday, reaching $426.95. 46,702 shares of the company traded hands, compared to its average volume of 55,334. Biglari Holdings Inc. has a one year low of $234.91 and a one year high of $483.60. The firm has a fifty day simple moving average of $308.68 and a two-hundred day simple moving average of $343.88. The company has a market cap of $977.71 million, a P/E ratio of -5.86 and a beta of 0.71. 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) last issued its earnings results on Friday, May 8th. The restaurant operator reported ($55.81) EPS for the quarter. The company 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%.

Institutional Trading of Biglari

Institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC raised its holdings in Biglari by 45.4% in the fourth quarter. CWM LLC now owns 141 shares of the restaurant operator’s stock worth $47,000 after purchasing an additional 44 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Biglari by 15.1% during the fourth quarter. Deutsche Bank AG now owns 419 shares of the restaurant operator’s stock valued at $139,000 after buying an additional 55 shares during the last quarter. Occudo Quantitative Strategies LP boosted its holdings in shares of Biglari by 6.9% in the 3rd quarter. Occudo Quantitative Strategies LP now owns 1,011 shares of the restaurant operator’s stock valued at $327,000 after buying an additional 65 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Biglari by 9.5% in the 4th quarter. Wells Fargo & Company MN now owns 785 shares of the restaurant operator’s stock valued at $261,000 after buying an additional 68 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Biglari by 608.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator’s stock worth $28,000 after buying an additional 73 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Biglari Company Profile

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.