Biglari (NYSE:BH) Major Shareholder Sardar Biglari Sells 75,000 Shares

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $16.74, for a total transaction of $1,255,500.00. Following the completion of the transaction, the insider directly owned 3,560,454 shares in the company, valued at $59,601,999.96. This trade represents a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• 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 shares were sold at an average price of $17.27, for a total value of $2,286,910.67.
• On Tuesday, June 30th, Sardar Biglari sold 22,600 shares of Biglari stock. The stock was sold at an average price of $16.91, for a total value 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 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 stock was bought 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 stock was 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 shares were 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 shares were purchased at an average cost of $260.36 per share, for a total transaction of $3,998,608.88.
• On Tuesday, May 12th, Sardar Biglari acquired 22,965 shares of Biglari stock. The stock was purchased at an average cost of $249.84 per share, with a total value of $5,737,575.60.

Biglari Trading Down 1.9%

Shares of BH opened at $382.66 on Wednesday. Biglari Holdings Inc. has a 12-month low of $234.91 and a 12-month high of $483.60. The firm has a market capitalization of $876.28 million, a P/E ratio of -5.25 and a beta of 0.63. The firm has a 50-day moving average price of $329.09 and a 200 day moving average price of $348.40. The company has a current ratio of 2.47, a quick ratio of 2.44 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 firm had revenue of $97.48 million for the quarter. Biglari had a negative return on equity of 1.20% and a negative net margin of 4.71%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Biglari

A number of hedge funds have recently made changes to their positions in BH. Russell Investments Group Ltd. increased its holdings in Biglari by 608.3% in the 3rd 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 during the last quarter. CWM LLC boosted its position in shares of Biglari by 45.4% during the fourth quarter. CWM LLC now owns 141 shares of the restaurant operator’s stock worth $47,000 after buying an additional 44 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Biglari during the first quarter worth $64,000. State of Alaska Department of Revenue grew its stake in shares of Biglari by 120.6% in the fourth quarter. State of Alaska Department of Revenue now owns 353 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 193 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Biglari by 863.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 424 shares of the restaurant operator’s stock valued at $124,000 after buying an additional 380 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

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.