Insider Buying: Biglari (NYSE:BH) CEO Buys $299,297.04 in Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari acquired 938 shares of Biglari stock in a transaction dated Tuesday, December 9th. The stock was purchased at an average price of $319.08 per share, with a total value of $299,297.04. Following the completion of the purchase, the chief executive officer directly owned 1,331,718 shares of the company’s stock, valued at $424,924,579.44. The trade was a 0.07% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, December 10th, Sardar Biglari bought 310 shares of Biglari stock. The stock was purchased at an average price of $321.94 per share, for a total transaction of $99,801.40.
• On Monday, December 8th, Sardar Biglari purchased 973 shares of Biglari stock. The shares were purchased at an average price of $315.08 per share, with a total value of $306,572.84.
• On Friday, December 5th, Sardar Biglari acquired 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 bought 1,139 shares of Biglari stock. The stock was acquired at an average cost of $306.05 per share, for a total transaction of $348,590.95.
• On Wednesday, December 3rd, Sardar Biglari purchased 2,802 shares of Biglari stock. The stock was acquired at an average cost of $303.32 per share, for a total transaction of $849,902.64.
• On Monday, November 24th, Sardar Biglari acquired 2,032 shares of Biglari stock. The stock was acquired at an average cost of $393.35 per share, with a total value of $799,287.20.

Biglari Stock Performance

BH stock traded up $2.19 on Wednesday, reaching $322.55. 72,572 shares of the company were exchanged, compared to its average volume of 113,981. The firm has a market capitalization of $735.42 million, a PE 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. 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 debt-to-equity ratio of 0.54, a current ratio of 2.83 and a quick ratio of 2.80.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Biglari

A number of institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its holdings 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 in the last quarter. Jones Financial Companies Lllp raised its stake in Biglari by 128.2% during 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 lifted its holdings in shares of Biglari by 148.7% during the third quarter. CWM LLC now owns 97 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 58 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Biglari in the 3rd quarter valued at $34,000. Finally, Police & Firemen s Retirement System of New Jersey increased its position in shares of Biglari by 41.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 171 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 50 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

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.