Biglari (NYSE:BH) Sets New 1-Year High – Here’s What Happened

Shares of Biglari Holdings Inc. (NYSE:BH) reached a new 52-week high during trading on Wednesday . The company traded as high as $386.59 and last traded at $383.0350, with a volume of 17866 shares traded. The stock had previously closed at $372.94.

Analysts Set New Price Targets

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

Biglari Trading Up 3.3%

The business has a 50 day simple moving average of $329.96 and a 200-day simple moving average of $319.92. 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 stock has a market capitalization of $878.16 million, a price-to-earnings ratio of 34.38 and a beta of 0.81.

Insider Activity at Biglari

In other news, CEO Sardar Biglari bought 3,452 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was purchased at an average cost of $463.34 per share, for a total transaction of $1,599,449.68. Following the completion of the transaction, the chief executive officer directly owned 1,335,713 shares of the company’s stock, valued at approximately $618,889,261.42. This trade represents a 0.26% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 13,772 shares of company stock worth $5,050,068 over the last quarter. 74.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BH. Russell Investments Group Ltd. increased its holdings in shares of Biglari by 608.3% in the third quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Biglari by 128.2% during the third quarter. Jones Financial Companies Lllp now owns 89 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 50 shares during the period. CWM LLC increased its position in Biglari by 148.7% in the third quarter. CWM LLC now owns 97 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 58 shares during the period. Meeder Asset Management Inc. bought a new stake in Biglari during the 3rd quarter worth about $34,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Biglari in the 3rd quarter valued at about $51,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

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.